The Central Bank quashed rumours about assistance to operations with cryptocurrencies for the purpose of bypass of sanctions

In the 2017th year of the power of Iran declared plans to allow citizens to execute the international financial transactions and to implement Bitcoin as means for bypass of sanctions. However, now department changed the decision.

According to the news resource Iran Front Page, Central Bank of Iran assures that never I recognized by Bitcoin, and especially, I had no certain plans for its implementation as valid currency for performing payments. Also, any assistance to operations with cryptocurrencies for the purpose of bypass of sanctions was refuted. After that very pessimistic announcement about digital currencies, in general, were advanced.

Representatives of the Iranian Central Bank claim that wild volatility along with the considerable number of the roguish diagrams known as “pyramids”, in the Bitcoin network made the market of digital currencies extremely unstable and risky.

It is amusing that now the Central Bank not only denies everything told earlier, but also says that it is interested in preventing of use of cryptocurrencies in the territory of the whole country. We will mark that many citizens of Iran realized the advantage of Bitcoin and other digital currencies long ago, having appreciated them, and here authorities, apparently, meanwhile are not present.

This week the principal of the technological ministry of Iran made the statement that the government actively develops own token which will allow the country to bypass the international sanctions even in the absence of payment service providers, like MasterCard, Visa and PayPal. Proceeding from his words, it will become known already in the nearest future, this idea will be realized or is not present.


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