Iran’s central bank banned bitcoin-related transactions in April . Mohammad Reza Pourebrahimi, chair of Iran’s economic commission, said that more than $2.5 billion has flowed out of the country through cryptocurrency-related transactions.
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Although the crypto industry in Iran is not regulated , the Central Bank of Iran (CBI) in April 2021, authorized domestic banks and money exchangers to use locally and licensed mined cryptocurrencies to pay for imports to the sanctioned nation.
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