Ban? No, not heard: the Iranians spend $ 2.5 billion for the purchase of cryptocurrency

Ban? No, not heard: the Iranians spend $ 2.5 billion for the purchase of cryptocurrency

Iran sent outside the country for more than two and a half billion dollars. According to a senior government official in the capital intended for the purchase of cryptocurrencies, while the Central Bank stopped talking about the banking blockade in this sector.

The Majlis (Iranian Parliament), head of the economic Commission Mohammad Reza Por Ebrahimi reportedly said:

“Despite the fact that some citizens in the country own cryptocurrency, and more than $ 2.5 billion. USA was derived outside the country to buy digital currencies with the majority of people [investors] involved in speculative activities.”

The news comes the day after the announcement of the President of the United States Donald trump that America intends to withdraw from the international agreement under which Iran limits its nuclear plans in exchange for lifting economic sanctions.

Almost a month ago the US dollar in Tehran, capital of Iran, was worth 60 000 riyals. Despite the fact that Rial is almost worthless, it fell even lower after the announcement of trump on Tuesday evening. Now the dollar is worth 80 000 rials.

Fearing the economic crisis, it is not surprising that Iranian citizens are turning to cryptocurrencies.

As reported in April, the Central Bank of Iran has banned the country’s banks to offer services to cryptocurrency businesses or to deal with cryptocurrencies in the country, forcing citizens to appeal to international exchanges, which ultimately led to the outflow of capital. The Central Bank of Iran (CBI) has called on regulators to put an end to money laundering and financing of terrorism using cryptocurrency.

However, the Minister of information and communication technology (ICT) Mohammad Javad Azari Jahromi recently stated that the objective of prohibition to prevent the flight of capital, not the problems associated with money laundering.

According to the Deputy head of the Central Bank on innovative technologies Nasser Hakimi circular of the Central Bank, aimed at financial institutions, requiring banking blockade, “not a final policy” of the Central Bank.

“In fact, no one policy is not final, it all depends on the time periods and developments,” — said the representative of the Central Bank of Iran, adding that the Central Bank plans to publish its regulatory framework for cryptocurrency loans by September this year.

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