Saturday, May 25, 2024
HomeBusinessIranian officials want to ban Bitcoin payments By BTC Peers

Iranian officials want to ban Bitcoin payments By BTC Peers

Date:

Related stories

Dimple Malhan- Personal and Professional life!!

Famous Vlogger recognised for Dimple's Kitchen YouTube channel. She...

Send Flowers to Dubai from the Best Florists

With regards to communicating adoration, appreciation, and festivity, barely...

The Importance of Motorcycle Safety Gear

Riding a motorbike delivers a sense of freedom and...

Understanding The Aftermath Of A Motorcycle Accident

Motorcycle accidents in Las Vegas can change your life...

How to Choose an Outdoor Patio Furniture Supplier in Florence

Is your outdoor space ready for a makeover? Whether...

[ad_1]

© Reuters. Iranian officials want to ban Bitcoin payments

The Iranian parliament has prepared a bill seeking to ban the use of cryptocurrencies such as for payments.

According to a Friday report by Tasnim News Agency, the new bill drafted by Iranian lawmakers will prohibit the use of all non-national cryptocurrencies for payments within the country. On the flip side of the government’s move to clamp down on cryptocurrencies, the country is mulling over issuing its own digital asset. This is arguably the primary motive behind the new bill.

Iran is not the first country to issue a blanket ban on crypto transactions. Back in April, the Central Bank of the Republic of Turkey issued a banon the use of Bitcoin and other cryptos for transactions.

Miners must obtain licensesIn addition to restricting the use of cryptos for transactions, the Iranian bill also stipulated that miners in the region will have to secure licenses from the Ministry of Industry, Mine and Trade before setting up mining farms. The ministry already granted permissions to 30 mining facilities last week.

Recall that in May, the country imposed a four-month ban on crypto mining after blaming it for rampant power outages. The country also reportedly enlisted the help of spies to track down illegal mining farms.

Continue reading on BTC Peers

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

See also  Indiana becomes first state to approve abortion ban post Roe

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



[ad_2]

Source link

Bellie Brown
Bellie Brownhttps://businesstimes.org
Hi my lovely readers, I am Bellie brown editor and writer of Businesstimes.org. I write blogs on various niches such as business, technology, lifestyle., health, entertainment, etc as well as manage the daily reports of the website. I am very addicted to my work which makes me keen on reading and writing on the very latest and trending topics. One can check my more writings by visiting Cleartips.net

Latest stories