The Iranian government will ban the operation of the blockchain association

According to the mind of the Iranian blockchain community, a cryptocurrency warning list was the primary cause of the ban.

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 yet received any direct notification.

The ministry’s social issues organization called for reports the IBC’s financial performance and its dealings with cryptocurrency exchanges in a note published last week in local paper Hamshahri Online, according to local sources.

Over the weekend, the ministry blocked the association’s activities, but IBC spokesman Sepehr Mohammadi, who’s also CEO of one of the 2 cryptocurrency exchanges listed as a host of the association’s site, said no verbal or written warnings were given to the board 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 it is also an IBC assignment to post and issue 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 that this is the primary cause of the ban.

“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. “

According to local media reports, a MP accused domestic NGOs involved in cryptocurrencies of transferring foreign currency abroad. As one of the NGOs in the crypto and blockchain space, IBC denied the claims, saying the association is focused on promoting blockchain technology in the country.

After the “summertime ban” on mining cryptocurrencies, Iran is looking for healthy regulations for cryptocurrencies. Iranian President Hassan Rouhani said the country needs to legalize cryptocurrency activities in order to 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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