Iran Central Bank restricts Tether trading, caps daily purchases

Iranian crypto platforms, per Central Bank instructions, have halted overnight Tether trading and set daily purchase caps, aligning with Tehran's ban on bank financing for crypto purchases. This marks a tightening of capital controls and crypto regulation in Iran, likely aimed at curbing currency flight and stabilizing the rial. The move signals increased state intervention in digital asset markets, with potential implications for crypto adoption and capital flows in the region.