Local blockchain association banned by the Iranian government

According to the head of the Iranian blockchain community, the Iranian government is said to have banned a local blockchain association and the cryptocurrency warning list is the primary cause of the ban, so now we read more on the news, our latest cryptocurrency.

The Ministry of Interior of the Islamic Republic of Iran has blocked many tasks by the Iranian blockchain community, but the association claims it didn’t receive any direct notification. The Ministry’s Social Affairs Organization asked reports the IBC’s financial activities and transactions with cryptocurrency exchanges through a notice published weekly in the local paper Hamshahri Online, according to local sources.

Over the weekend, the ministry blocked the association’s activities, but IBC spokesman Sepher Mohammadi, who’s also CEO of two exchanges, was listed as a host of the association’s site but wasn’t available. Members. In a letter to the Social Affairs Foundation, the president the IBC said that observation the actions of the participants in the blockchain ecosystem is connected to the right of the association. He added that it was an IBC assignment to issue and publish a warning list for all new users to avoid pitfalls.

Iranian high-risk cryptocurrency-related businesses were on the IBC’s warning list, so Mohammadi mentioned this as the primary cause of the ban, including:

“Verified pursuits will do everything possible to thwart the effort by the IBC. They was able to create the statement public before the IBA was advised. “

The Iranian government is said to have banned the blockchain association and, according to local media, a member of parliament has accused all NGOs in the country that deal with cryptocurrency of transferring foreign currency out of the country. As one of the NGOs in the blockchain space, IBC has denied all claims, stating that the association is focused on promoting a blockchain technology future in the country.

After a mining ban in the summer, Iran plans to improve regulation of cryptocurrencies as Iranian President Hassan Rouhani said the country must legalize all crypto-related activities in order to stay afloat and safeguard and protect national interests. He called for a joint study by various parties to create a regulatory framework for cryptocurrencies.

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