Iran’s Central Bank Imposes Ban on Cryptocurrency Transactions

Iran’s central bank prohibited domestic financial institutions from handling virtual currencies, citing money-laundering concerns, as it seeks to ramp up control over the nation’s currency markets.

“All branches of banks, credit institutions and currency exchanges should stay clear of any sale or purchase of these currencies and avoid undertakings that facilitate or promote such currencies,” the official Islamic Republic News Agency reported, citing the Central Bank statement. “Action will be taken against those who contravene the regulations.”