Iran: Central Bank Doesn’t Recognize Cryptocurrencies but Plans to Create Its Own

Late last year, it was reported that the Iranian government was interested in utilizing Bitcoin and other cryptocurrencies as a way of bypassing economic sanctions levied against the country. But the government has apparently changed its mind: Today, the Central Bank of Iran announced that it has never recognized Bitcoin as an official currency and conducts no transactions in it or other cryptocurrencies.
According to Iran Front Page, the country’s central bank has denied ever recogni