SEO bans Bitcoin trade by brokerages

December 25, 2017

TEHRAN – Head of Iran’s Securities and Exchange Organization (SEO) Shapour Mohammadi said trading Bitcoin in the country’s brokerages is illegal, Shada reported on Sunday.

“The Securities and Exchange Organization is reviewing Bitcoin’s status for entering the country's economy and has not yet reached a conclusion, so if any brokerage buys or sells the cryptocurrency, it violates the law, the official said.

EF/MA

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