- Iran bans over 9,000 bank accounts over illegitimate foreign exchange and crypto trading.
- Central Bank of Iran announces a ban on trading and promoting cryptocurrencies.
- SEBI announces a ban on celebrity endorsement for the crypto industry.
Iran froze 9,219 bank accounts belonging to 545 people, worth about $2 billion (60 trillion Iranian tomans), over suspicious foreign exchange and crypto transactions. Iran also ceased nearly 7,000 unauthorized cryptocurrency mining centers.
As a part of the Iranian government’s recent plan to combat illegal foreign currency and cryptocurrency trading, Iran’s Ministry of Intelligence collaborated with the country’s central bank to take action against the offenders.
The Iranian State News Agency (IRNA) issued a statement claiming that currency exchanges, banks, and credit institutions “should avoid any sale or purchase of these currencies or taking any action to promote them.”
Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) has also reported that unlicensed Iranian crypto miners consumed 645 megawatts ...