Banking Access Cut for 5 Crypto Exchanges

Access to banking services and remote withdrawals for five digital currency exchanges in Iran will be restricted for three days, starting at 4 p.m. today, Monday, 20 Mehr.

According to Ambassador Arjan, Nobitex, Remzinx, Bitpin, Erzinja and Tetherland exchanges are the five cryptocurrency platforms that are subject to this restriction. According to the published information, with the implementation of this decision, the users of these exchanges will not be able to deposit and withdraw money from the bank and offline channels.

It is said that this decision was taken in a committee at the National Center for Cyber Space and the Central Bank has also sent a letter to the banks, announcing its implementation.

What is the reason for banking restrictions on cryptocurrency exchanges?

In response to this decision, Nobitex has announced that the restrictions imposed were due to the exchanges' insistence on protecting the privacy of users and refusing to provide their information.

According to the available reports, the restriction announced in the first phase will continue for three days; However, the possibility of its extension has also been raised.

Which digital currency exchanges are restricted?

The list of five platforms announced to implement this restriction is:

• Nobitex • Remzinx • Bitpin • Arzinja • Tetherland

With the implementation of this decision, the access of users of these platforms to banking services and the possibility of offline deposits and withdrawals will be limited. More details about the scope of the restriction and the possibility of its extension depend on the official announcement of the responsible institutions.