Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Domithra on April 23, 2018, 09:37:34 AM
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DUBAI (Reuters) - Iran’s central bank has banned the country’s banks from dealing in cryptocurrencies, including Bitcoin, over money-laundering concerns, the state news agency IRNA reported on Sunday as the country tries to halt a currency crisis.
“Banks and credit institutions and currency exchanges should avoid any sale or purchase of these currencies or taking any action to promote them,” IRNA said, quoting a central bank circular based on a ban on cryptocurrencies passed by Iran’s anti-money laundering body in December.
Iran moved this month to formally unify its official and open market exchange rates and banned money changing outside of banks, after its currency, the rial, plunged to an all-time low on concerns about a possible return of crippling sanctions.
U.S. President Donald Trump will decide by May 12 whether to restore U.S. economic sanctions on Tehran, which would be a severe blow to the 2015 pact between Iran and six major powers. He has pressured European allies to work with Washington to fix the deal.
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1. Iran bans banks from cryptocurrency trading
Iran is following in the footsteps of China and South Korea, announcing a ban from its central bank on the trading and promoting of cryptocurrencies. As reported by Reuters, Iranian state news agency IRNA issued a statement on Sunday claiming that banks, credit institutions and currency exchanges “should avoid any sale or purchase of these currencies or taking any action to promote them”. Read more at Alphr.
2. Early investor in Tesla, Skype and Hotmail says bitcoin will be bigger than all those combined
Venture capitalist Tim Draper says bitcoin will be bigger than his early investments Tesla, Hotmail, and Skype combined. “This is bigger than the internet. It’s bigger than the Iron Age, the Renaissance. It’s bigger than the Industrial Revolution,” Draper said at Intelligence Squared U.S. debate presented in partnership with Manhattan Institute’s Adam Smith Society on Saturday. “This affects the entire world and it’s going to be affected in a faster and more prevalent way than you ever imagined.” — He said in an interview. Read more at CNBC.
3. Wikileaks Claims Coinbase Has Shut Down Its Online Store’s Bitcoin Account
Wikileaks’ official online merchandise store claims that its account with Coinbase has been suspended by the cryptocurrency exchange. Wikileaks, a leaked documents depository that was central to a long string of international scandals even before the 2016 presidential election, is now calling for a boycott of Coinbase. Read more at Fortune.