The Iranian government is supposed to ban the local blockchain association

The Ministry of Interior of the Islamic Republic of Iran has blocked the actions of the Iran Blockchain Community (IBC), but the association asserts it hasn’t received any direct notification.

The ministry’s social events organization asked reports the IBC’s financial performance and its dealings with cryptocurrency trades through a notice published in local paper Hamshahri Online last week, based to local sources.

Over the weekend, the ministry blocked the club actions, but IBC spokesman Sepehr Mohammadi, who is too the CEO of one of the 2 crypto exchanges listed as a host of the club’s site, said the board hadn’t given any verbal or written warnings became members.

In an open letter to the Social Affairs Foundation, the IBC President said that tracking the actions of the participants in the blockchain ecosystem is the association’s right. He added that it is also an IBC assignment to problem and place a warning list for new users to avoid traps.

Iranian high-risk cryptocurrency-related businesses were on the IBC’s warning list, so Mohammadi considers this is the primary cause of the ban. “Verified interests will do everything possible to thwart the attempt by the IBC. They managed to get the announcement public before the IBA was notified, ”he added.

Related: Iran Bans Crypto Mining Until September

According to local media accounts, a MP has accused national NGOs involved in cryptocurrencies of moving foreign currency overseas. As among the NGOs in the crypto and blockchain space, IBC denied the claims, stating the association was concentrated on boosting blockchain technology in the country.

After the “summer ban” on crypto mining, Iran is searching for healthful regulations for cryptocurrencies. Iranian President Hassan Rouhani stated the country needs to legalize cryptocurrency actions in order to shield and protect national interests. He called for a joint study by different parties to create a regulatory framework for cryptocurrencies.