Central Bank Directs Crypto to the Underground Market

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-Wednesday 2025/01/01 - 15:48
News Code:11084
Central Bank Directs Crypto to the Underground Market

Following the Central Bank's blocking of the accounts of native cryptocurrency platforms

Ebrahim Shahlaei Moghaddam, Secretary of the Cryptocurrency Commission of the Fintech Association:

Following the blocking of the accounts of native cryptocurrency platforms by the Central Bank, in the past few days, huge funds have flowed from domestic platforms to foreign platforms, and a large underground and opaque market has been formed.

Users' distrust of domestic platforms is irreversible, and a part of users and their capital will migrate forever to the dangerous underground market and unresponsive foreign platforms.

The price of the currency is not affected by the cryptocurrency market, and there are other reasons that determine the price of the dollar. The price of Tether follows the price of the dollar, not the other way around.

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