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Several military-owned Iranian banks to be merged in one

News | E-invoicing, SCF & E-procurement | 26 May 2020

The Central Bank of Iran (CBI) has announced that two banks owned by the country's armed forces will be merged into Sepah Bank by the end of May 2020.

Iran, banks, The Central Bank of Iran, CBI, Sepah Bank, Mehr Eghtesad Bank, Hekmat Iranian Bank, Ghavvamin, Ansar, Samen Institute of the Islamic Revolution Guards Corps, banking, US

CBI Platform launches Open Platform platform to oversee regulated forex operations

News | Payments General | 26 Nov 2019

The Central Bank of Iran has developed a new platform, Diba, to supervise open banking operations.

Central Bank of Iran, Open Banking, regulates forex operation, payments , banking, bank, foreign exchange, Forex, card-based transactions, Diba, CBI, Shaparak, Iran, Middle East

Iran seizes tens of thousands of Bitcoin mining machines

News | Cryptocurrencies | 19 Jan 2021

Authorities in Iran have seized tens of thousands of Bitcoin mining machines that have been using illegally subsidised electricity from state-run energy provider Tavanir.

Iran, Bitcoin, cryptocurrencies, crypto mining, ASIC, illegal mining

Iran bans cryptocurrency mining for four months

News | Cryptocurrencies | 27 May 2021

Iran has announced a four-month ban on the energy-consuming mining of cryptocurrencies such as Bitcoin after cities suffered unplanned blackouts.

cryptocurrency, mining, Bitcoin, banks

Central Bank of Iran increases the credit card limit

News | Payments General | 03 Aug 2021

The Central Bank of Iran (CBI) has increased the credit card limit by four times allowing banks to offer up to USD 8,000 in credit.

banks, credit card, central bank, regulation

Iran will not use crypto

News | Cryptocurrencies | 12 Apr 2022

Iran will not recognize cryptocurrencies as a means of payment, as a high-ranking government official has indicated.

central bank, regulation, cryptocurrency, digital currency, CBDC, Bitcoin

Iran to allow crypto mining once again

News | Cryptocurrencies | 23 Aug 2021

Iran has announced it will once again allow Bitcoin and crypto miners to operate in the country from the last week of September 2021.

mining, cryptocurrency, Bitcoin, regulation

Real-time payment system set for launch in Iran

News | Online & Mobile Banking | 23 Nov 2021

The Central Bank of Iran has given details about its recently announced instant payment system for the country’s banking and payment network.

instant payments, product launch, money transfer, bank transfer