Iran’s cyber police renewed warning on cryptocurrency trade in the country.
Colonel Hossein Ramezani, the police’s chief of international and legal affairs, said the earlier warning by his boss, Brigadier General Kamal Hadianfar, not only pronounces that bitcoin is legally banned in the country but also that all types of cryptocurrencies are illegal, Pardakht-e-Bartar reported.
Trade in cryptocurrency and bitcoin is legally prohibited and no permission, either from Central Bank of Iran or other regulatory bodies, has been granted to websites that provide cryptocurrency services, says the deputy for international and legal affairs at the Iranian Cyber Police, locally known as FATA.
The CBI in April officially prohibited all financial institutions from dealing in cryptocurrencies, Financial Tribune reported.
He further explained that cryptocurrencies are used as a worldwide tool to help cybercriminals because cybercriminals use cryptocurrencies as a tool to maintain anonymity while engaging in criminal activities.