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Iran Imposes Crypto Exchange Curfew After $100M Nobitex Hack
In a sudden and unprecedented move, the Iranian government has announced the introduction of a strict curfew on all cryptocurrency exchange operations within the country. This decision comes in response to a massive hack targeting Nobitex, Iran’s largest crypto exchange, which resulted in the theft of approximately $100 million worth of digital assets.
According to reports, platforms and exchanges are now only permitted to operate between 10 am and 8 pm daily. The authorities have taken this measure as an attempt to prevent capital flight and intensify oversight of digital asset transactions. This decision highlights the growing government concerns over crypto-related risks and the need for tighter control in the sector.
The implications of this curfew are far-reaching, as it is expected to significantly impact the activities of both local and international exchanges operating within Iran’s borders. The Iranian authorities have made it clear that they will not tolerate any illegal or unregulated transactions, including those involving cryptocurrencies like Bitcoin, Ethereum, and others.
It remains unclear how long this curfew will remain in effect, but one thing is certain – Iran has taken a significant step towards regaining control over its financial landscape.
Source: coinpedia.org
