Iranians bought cryptocurrency abroad for $ 2.5 billion

Such data was announced by the chairman of the economic committee of the Iranian parliament Mohammad Reza Pour Ebrahimi in an interview with the local news agency

He noted that after the Central Bank’s ban, the majority of Iranians began to transfer the digital currency outside the country. Iranians do not have access to the international banking system, and transfers can occur only through exchange dealers.

Earlier, the Iranian central bank banned local financial institutions from engaging in digital currencies because of the risk of money laundering and terrorist financing. At the same time, Iran’s Minister of Information and Communication Technologies Mahmoud Vaezi recently confirmed that an experimental model of the Iranian cryptocurrency is now ready.

Mohammad Reza Pour Ebrahimi believes that Iranian digital currency could contribute to a number of economic transactions and help circumvent the sanctions, as he is confident that the most important advantage of the cryptocurrency is the absence of an American regulator.

The structure of the cryptocurrency should be appropriate, both for the economic activity of Iran, and actively interact with similar systems at the international level. Source:

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