Trading Bitcoin Is Illegal in Iran, Central Bank Official Warns

Buying and selling cryptocurrencies like bitcoin (BTC) is illegal in Iran, a senior government official declared, according to a report by local news agency Tasnim News on July 8.

Nasser Hakimi, deputy governor for new technologies at the Central Bank of Iran (CBI), said that bitcoin trading is not legal in the country, citing a related prohibition by a local anti-money laundering (AML) authority, the Supreme Council of Combating and Preventing Money laundering and Financing of Terrorism Crimes.

In an interview with Tasnim News, Hakimi warned the public against legal and investment risks associated with cryptocurrency trading, outlining a high level of bitcoin’s volatility. Alongside, the official also expressed concerns about crypto advertisemnets, bringing awareness of promoted bitcoin pyramid schemes in the public. Read More at CoinTelegraph...

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