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Topic: Iran bans banks from using cryptocurrencies - page 5. (Read 457 times)

legendary
Activity: 4270
Merit: 4534

Well every country has their own issues, but since Iran Banks believes more on "All altcoin can be turned to money that can lead to money-laundering and believes that it can finance terrorism with their weapons and can be used as a way to transfer money from criminals to others" then I think they have right to ban it.

they are not banning it.
stop reading titles/headlines and reacting.. learn to research

its a reminder that banks themselves cannot handle crypto directly. just like you wont find beanie babies, tobacco, or socks bing sold in a bank.. its standard memo remindr about something that banks cannot and never have been able to do..

however
private businesses and citizens can use crypto
newbie
Activity: 98
Merit: 0

Well every country has their own issues, but since Iran Banks believes more on "All altcoin can be turned to money that can lead to money-laundering and believes that it can finance terrorism with their weapons and can be used as a way to transfer money from criminals to others" then I think they have right to ban it.
legendary
Activity: 4270
Merit: 4534
its basically a memo/reminder

that banks cannot directly handly crypto.. just like they cannot directly handly beanie babies, or tobacco.. the only thing banks can directly handle is FIAT..

standard memo, no law change. its just a reminder.
it does not affect private businesses or citizens.. iranian people can still handle bitcoin. but you will not be seeing a bitcoin ATM or a beanie baby vending machine in a iranian bank branch

so relax folks. its not FUD news nor fake news. its just a reminder of standard practice that has been going on for decades
full member
Activity: 1414
Merit: 228
Omicron is another FUD
just an opinion, preferably if you want to create a thread about a country please include also Link of the news, to make this news more accurate and reliable  Wink
because there are many circulated news is a fake news.
newbie
Activity: 6
Merit: 0
Iran banned the use of bitcoin and other cryptocurrencies by banks and financial institutions on Monday amid ongoing debate over how best to regulate the technology. "The use of bitcoin and other cryptocurrencies in all the country's monetary and financial centres was banned," the central bank said in a statement overnight.
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