IRAN’S GOVERNMENT HITS OUT AT CRYPTO AGAIN AS CURRENCY FREEFALLS

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IRAN’S GOVERNMENT HITS OUT AT CRYPTO AGAIN AS CURRENCY FREEFALLS

Fri 28 February 2025: Iran appears poised to impose new levels of control and oversight into crypto amid deteriorating economic conditions. Tehran, Iran – Iranian authorities have again been cracking down on cryptocurrencies and online exchanges as the value of the national currency plummets in an economy in turmoil. Last month, the Central Bank of Iran […]

Mugglehead Magazine

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Iran takes extreme measures to keep crypto from devaluing state currency

Authorities in Iran have double-down on their distrust of cryptocurrencies and online exchanges as the value of the national currency, the rial, collapsed. Last month, the Central Bank of Iran (CBI) stopped issuing payments in all cryptocurrency exchanges, which left over 10 million crypto users unable to spend rials on Bitcoin and other altcoins. The crypto market grew significantly last year and is trending towards a bullish 2025. Young Irania…

CryptoTicker

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Last month, Iran's Central Bank (CBI) abruptly stopped all rial payments for cryptocurrency exchanges, resulting in over 10 million Iranian crypto users no longer being able to purchase Bitcoin and other digital assets with their local currency.The decision was aimed at preventing further devaluation of the challenged rials by restricting its conversion to foreign currencies via crypto platforms.Why is Iran going against crypto?The Iranian econo…