Central Bank of Iran could ban using unapproved cryptocurrencies for payments6

Central Bank of Iran could ban utilizing unapproved cryptocurrencies for payments in Iran, according to a draft published by CoinDesk. The plan has yet been approved and will be discussed at the Electronic Banking and Payment Systems conference, which takes place today and tomorrow in Tehran.

The draft of the report says that it will not restrict people holding or transferring small amounts of approved cryptocurrency although it is not yet clear which cryptocurrencies will be approved. The regulations set by Central Bank of Iran in April last year already limits possession of foreign currency by individuals to 10,000 euros outside of banks.

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