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Iran's Central Bank has introduced new regulations that restrict the purchase and holding of stablecoins, including Tether. According to the directive, individual and corporate users are allowed to purchase a maximum of $5,000 worth of stablecoins annually, while their holdings at any given time must not exceed $10,000.
Asghar Abolhasani, Secretary of the Central Bank’s Supreme Board, announced the news and added that individuals holding more than $10,000 in stablecoins would be given one month to comply with the $10,000 limit.
The directive is not yet in effect, but the Deputy Governor of the Central Bank stated that once it is published on the institution’s official website, adherence to its provisions will be mandatory for all cryptocurrency traders.
This policy was adopted during the 41st session of the Central Bank’s Supreme Board, citing Clause 1 of Article 4 of the Central Bank Act and addressing issues related to stablecoins.
