Iran Ceased 9000 Bank Accounts For Suspicious Trading Activities -Breaking
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Iran Creates 9000 Bank Accounts to Support Suspicious Trade Activities- Iran has banned over 9,000 bank accounts for illegal foreign trade and crypto trading.
- Central Bank of Iran declares an embargo on the promotion and trading of cryptocurrencies.
- SEBI prohibits celebrities from promoting crypto-related products.
Iran frozen 9,219 accounts of 545 individuals, totaling approximately $2 billion (60 trillion Iranian Tomans). This was due to suspicious crypto and foreign currency transactions. Iran has also shut down nearly 7,000 illegal cryptocurrency mining sites.
As a part of the Iranian government’s recent plan to combat illegal foreign currency and cryptocurrency trading, Iran’s Ministry of Intelligence collaborated with the country’s central bank to take action against the offenders.
The Iranian State News Agency (IRNA) issued a statement claiming that currency exchanges, banks, and credit institutions “should avoid any sale or purchase of these currencies or taking any action to promote them.”
Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) has also reported that unlicensed Iranian crypto miners consumed 645 megawatts …
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