Tehran, Iran – The Iranian authorities have once again taken strict measures against cryptocurrencies and online exchanges as the value of the national currency in the economy in the turmoil.

Last month, the Iranian Central Bank (CBI) suddenly suspended RIAL payments in all exchanges of encrypted currency, leaving more than 10 million users who are unable to spend Rials on Bitcoin and other international currencies over the Internet.

The goal was to face more consumption of the besieged national currency by preventing it from changing the hands of foreign currencies.

The encryption market has grown in the past year significantly and tends about 2025 Saudi, as countless Iranian youth resort to an increasingly global market to earn money in an isolated economy to a large extent that strives under harsh Western sanctions.

the The movement has been tried before In limited turns, but unprecedented and on this scope, it appears to be part of a greater effort to govern by an institution that wants strict levels of control and control of the prosperous encryption community.

It was the economy It suffers from inflation rates of more than 40 percent For years, it is still separate from the global payment system.

CBI creates power

After the mass imposed, the central bank mostly maintained radio silence, and did not provide clarifications to the public.

CBI also did not respond to the island’s request to comment.

In a general statement, he noticed only that the Iraqi Central Bank ruler, Muhammad Reda Farraz, participated in a meeting of the presidents of the government, the judiciary and parliament last month and that CBI gave “a complete authority to monitor and manage the encoded currency market.”

President Masoud Bezishian also sent a letter, published in the media, to Farazin last week, with a focus that CBI is the “only guardian of the” encryption market management.

The meeting also concluded last month that the government wants to see more export trade that brings cryptocurrencies in the Iranian market, but it did not indicate how to achieve this.

The new restrictions seem to be part of strict measures to prevent the low value of the currency, as CBI pumps more foreign currency in the volatile local market and the police periodically announce the arrest of illegal currency traders in the streets of Tehran and other major cities.

Iran’s Rial has continued this week, with a new level ever of more than $ 940,000. He brought a dollar less than 600,000 riyals in October last year, and less than 40,000 in early 2018.

The national currency has been a sharp decline in recent weeks amid the escalation of regional conflicts, Tehran’s “Axis of Resistance”Donald Trump’s insistence on the “maximum pressure” campaign.

Cap 4 percent for USDT?

Days after its sudden decision to prohibit the purchase of cryptocurrencies, CBI imposed conditions on online exchanges and negotiations began with them.

Several smaller exchanges have been forced to accept at least some conditions, including providing evidence of reserves. Their Rial gates are restored with limited capabilities, while others are still negotiating.

Some “proposed measures” by CBI consist of customer access levels, including actual time access, continuous updates, and the ability to prevent users whenever it is considered necessary, according to the documents reviewed by the island.

Similar to the artificial borders set by the organizers to trade on stock markets in Iran, the Central Bank of Iraq perceives the imposition of daily hats on the amount of the price of encrypted currencies that can change.

If the currencies exceed the specified border, the RIAL trade will be suspended for a short period.

The central bank is particularly looking for a USDT, which many Iranians were buying as a hedge.

She wants to make sure that USDT prices rise by more than 4 percent a day, Iranian merchants will be temporarily prevented from buying them.

“Rationality is not on the agenda”

As a result of the sudden mass of RIAL gates, some encryption exchanges were forced to start searching for temporary alternatives, such as using various bank accounts to facilitate RIAL payments.

The incoming and issued encryption transactions are not affected, and users can remove Rials from their accounts if they choose it.

The Central Bank faces cash and Minister of Economy Abdanasser Hemati, a The previous central bank president The presidential candidate is now being targeted by the sudden legislators. The government maintains that the dismissal efforts are politically driven, as legislators want to remove the minister after months of its inception.

Instead of dealing with its special imbalances in the rock economy, CBI adopted a strategy to transfer attention and try to earn money through the online exchanges, the local stock market manager said.

“Repeated warnings about the harmful political, social and economic effects of such movements, which are provided by the stakeholders and the media, have not been adhered to.” Isa Keshavarez, CEO of UBitex, told Al Jazerara: “The central bank closed the payment gates with an unethical and biased business approach.”

He said that the Foundation, on the one hand, prevents foreign services such as social media platforms Forcing the Iranians towards local platformsWhile on the other hand, it pushes people towards foreign exchanges with his restrictions against their local counterparts.

“These dual policies show that rationality, clear thinking and sympathy for people are not on the agenda, which expands the gap between the people and the government.”

Keshavarz said people will turn into informal activities under the ground as a result of restrictions.

He said: “I think this is the right of the people who are not active anywhere to convert their hard -to -win money into gold, green, encryption, housing, or anything to maintain their purchasing power.”

“Reducing risk”, but for whom?

CBI and others made previous attempts to regulate the prosperous encryption industry – almost all of them were confusing measures or frustrating interest.

The government made encryption mining – the process of generating new coins using calculations – legal in 2019 under strict circumstances.

Several mines have been expelled, especially due to repetition Cut the mining platforms due to the lack of electricity.

Observers and experts now believe that the organizers, who face a deficit in the budget of the government, will move towards imposing taxes on encryption transactions.

The Supreme Electronic Space Council, the best Internet governance body in Iran, issued an organizational road map last month that observers say it does not bode well for the encryption community.

“Facilitation of International Trade” is discussed through Crypto, which, according to the researcher of Crypto and Blockchain, can be explained by Saeed Khoshbakht, as attempts to circumvent sanctions against Iran.

He told Al -Jazeera: “Especially after the election of Mr. Trump, this may offer encryption users to the risks of insertion in the blacklist or put their transactions in international exchanges.”

The expert said that the use of international transactions as a major word in the document may also leave major local encryption transactions because they may be considered secret, which reduces transparency.

At the same time, the organizational document adopts the policy of “active control and anti -measures” in dealing with global cryptocurrencies, and supports “reducing risks”, but it does not say exactly how or to whom.

“If they say reducing risks to citizens, a level of support can be imagined at least. But without this word,” reducing risks “appears on the state instead of people, and this means a set of new chains that are embedded as control and management.