Iran bans banks from using cryptocurrencies

[bitcoinVPSD]

Is this information really accurate? Some Iranian investors have told me that they are still free to use electronic money. If the information is correct then it is bad news that could lead to bitcoin's value going down further due to government ban in Iran.

[ajpandey]

Thank you for the explanation. It really helps the ones who are interested in Learning about Bitcoins. Am interested in Learning about bitcoin and Crypto trading, So I think this forum would be a great resource for me.

[mudasarali43]

Iran is under pressure from its international relations with united states which plays a big role in the GDP of its country since united states have a ban on cryptocurrencies the diplomatic relations between the two countries do not give acceptance to Iran to regulate bitcoin.

[Dmitry.Vastov]

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.

Not only Iran 🇮🇷, there are many countries and if clearly speaking then not many but almost every country is in against of bitcoin and it is all because of its illegal use because there is no such proper authentic regulating body over bitcoin who could keep eye over all bitcoin transactions and this could only possible when bitcoin will be legalised and centralised globally and country needs to understand this thing that inspite of opposing bitcoin they should legalise it, so that they can boost the development of their own country.

[lance04]

It is quite sad that there are continuously countries wherein they banned the services of cryptocurrencies,
I think instead of worrying we should keep calm and stay positive in this journey.