Friday, April 26, 2024

Iran bans banks from trading cryptocurrencies

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Iran is borrowing a page from China when it comes to regulating money: if your real-world currency is in trouble, crack down on the virtual kind. The countrys central bank has banned other banks and financial institutions from buying, selling or promoting cryptocurrencies in the wake of reforms meant to quell volatility for the Iranian rial, such as banning money changes outside of banks and unifying exchange rates. The rials value has been plummeting over fears the US would reins…..
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