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The Iranian Government Has Suspended the Iran Blockchain Association

Amy Liu

Summary: The Iranian government has moved to block activities of the Iran Blockchain Association, the Financial Tribune business daily reported on Sunday. The Ministry of Interior of the Islamic Republic has suspended the Iran Blockchain Association (IBA). IBA unites participants in the country’s growing crypto sector who are engaged in blockchain technology development. The Ministry of ...

The Iranian government has moved to block activities of the Iran Blockchain Association, the Financial Tribune business daily reported on Sunday. The Ministry of Interior of the Islamic Republic has suspended the Iran Blockchain Association (IBA).

IBA unites participants in the country’s growing crypto sector who are engaged in blockchain technology development.

The Ministry of Interior banned the prominent crypto industry organization following various accusations including that the IBA was operating against its own articles of association.  IBA was also ordered to submit detailed reports about its financial performance and activities to Iran’s Social Affairs Organization. 

By Amy Liu

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