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Author Topic: [2018-4-23]Central Bank Of Iran Bans Banks From Crypto Dealings  (Read 16 times)
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April 23, 2018, 02:44:58 PM
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The central bank of Iran has banned domestic banks and other financial institutions from dealing in cryptocurrencies, citing money-laundering concerns first raised in a circular from December 2017, Reuters reported Sunday, April 22.

Source: https://cointelegraph.com/news/central-bank-of-iran-bans-banks-from-crypto-dealings

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April 23, 2018, 03:40:17 PM
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Is it really a straight up ban though? From the article:

"Banks and credit institutions and currency exchanges should avoid any sale or purchase of these currencies or taking any action to promote them.

"Avoid" doesn't have the same gravity as "ban". From that statement, it seems to me that banks themselves still have final sale.

Also, banks don't usually sell or purchase crypto in the first place. They simply lend their services to individuals and institutions involved in crypto.

Either that specific statement I quoted was lost in translation, or this ban is simply people overreacting to news again.

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