Iran bans banks from using cryptocurrencies

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AFP Tehran
Last Updated : Apr 23 2018 | 1:45 PM IST

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. It said the government's money-laundering committee had taken the decision in late

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First Published: Apr 23 2018 | 1:45 PM IST

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