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Central Bank of Iran Plans to Block Rial Accounts Tied to Crypto Exchanges
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Cryptocurrency News | Cryptocurrency Prices | Market CapCentral Bank of Iran plans to block rial accounts tied to crypto exchanges
Iran's crypto restrictions could stifle local exchanges, complicate rial-to-crypto conversions, and heighten economic isolation amid sanctions.
According to a Fars report, the Central Bank plans to block the accounts and rial payment gateways of a number of cryptocurrency exchanges, a move that follows allegations of disrupting the pricing of Tether and the foreign exchange market through artificial order placement.
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