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flag Iran's central bank restricts cryptocurrency exchanges to stabilize the rial, amid political backlash.

flag Iran's central bank has imposed new restrictions on cryptocurrency exchanges to stabilize the falling national currency, the rial. flag The bank halted rial payments in all cryptocurrency exchanges, impacting over 10 million users, and is closely monitoring the stablecoin Tether (USDT). flag The measures aim to prevent the rial from further depreciation and maintain control over cryptocurrency trading. flag However, the central bank faces criticism and political backlash, with the economy minister under threat of impeachment.

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