The Iranian government will prohibit the blockchain institution from working

According into the mind of this Iranian Blockchain Community, a cryptocurrency warning record was the primary reason for the ban.

The Ministry of Internal Affairs of the Islamic Republic of Iran has obstructed the actions of this Iran Blockchain Community (IBC), but the institution claims it has yet to receive immediate notification.

The Ministry’s Social Affairs Organization requested reports on the fiscal performance of the IBC and its dealings with cryptocurrency exchanges through a notice published in the local paper Hamshahri Online last week, according to local sources.

Over the weekend, the ministry blocked the institution’s activities, but IBC spokesman Sepehr Mohammadi, who’s also the CEO of one of those two cryptocurrency exchanges listed as a sponsor of this website the institution’s site, said no verbal or written warnings were given to board members.

In an open letter to the Social Affairs Foundation, the IBC president noted that tracking the actions of blockchain ecosystem participants would be the right of the institution. He added it is also an IBC assignment to issue and publish a warning list for new users to avoid traps.

High-hazard Iranian companies linked to cryptocurrencies happen to be around the IBC’s warning list, so Mohammadi considers that this is the top reason for the ban.

“Evaluated interests will do anything to thwart the IBC attempt. They managed to make the announcement public before the IBA was notified.”

According to local media accounts, a member of parliament accused national NGOs involved in cryptocurrencies of moving foreign currency overseas. As among the NGOs from the crypto and blockchain space, IBC denied the claims and said the institution is focused on boosting blockchain technology in the nation.

After that the “summer ban” on cryptocurrency mining, Iran is searching for healthy regulations for cryptocurrencies. Iranian President Hassan Rouhani stated that the country should legalize cryptocurrency actions to preserve and protect national interests. He called for a joint study among different parties to establish a regulatory framework for cryptocurrencies.

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