Financial Tribune - Trade in cryptocurrency and bitcoin is legally prohibited and no permission, either from Central Bank of Iran or other regulatory bodies, has been granted to websites that provide crypto currency services, says the deputy for international and legal affairs at the Iranian Cyber Police, locally known as FATA.

Colonel Hossein Ramezani said the earlier warning by his boss, Brigadier General Kamal Hadianfar, not only pronounces that bitcoin is legally banned in the country but also that all types cryptocurrencies are illegal.

The CBI in April officially prohibited all financial institutions from dealing in cryptocurrencies.