Economy

Iran police bust illegal crypto trade network

Iranian police have dismantled an organized network of Cryptocurrency traders for disruption of the economic system of the country.

The network was engaged in the sales of Darik Cryptocurrency, which is illegal in Iran. 

The economic security branch of the police traced the group’s members and arrested the main figures, with the coordination of the Special Prosecutor’s Office for Economic Crimes.

The police said a sum of 1,500 billion rials, roughly more than 6 million dollars, of buyers’ money was discovered in the defendants’ bank accounts and was blocked to prevent their transfer abroad.

The money belongs to 1,715 people, who had tried to purchase Darik Cryptocurrency from the network.

The police called on the people to avoid such deals saying that Cryptocurrencies’ trade is illegal in Iran and they could lose their money. 

The force also called on the people to report any suspicious case to the authorities.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

PA says US support behind Israel’s disregard for warnings against Rafah invasion

The Palestinian Authority  (PA) has blamed the US bias for Israel’s disregard for growing opposition…

10 hours ago

IRGC cmdr.: Iran used 20% of what prepared to respond to bombing of embassy by Israel

The aerospace commander of Iran’s Islamic Revolution Guard Corps (IRGC) says during the recent Operation…

10 hours ago

US claims Russia ties embolden North Korea

US Secretary of Defense Lloyd Austin has raised the alarm over North Korea’s increasing strategic…

14 hours ago

Iran says has not barred IAEA inspectors

The head of Iran’s atomic agency says the country is cooperating with the inspectors from…

14 hours ago

Blinken ceasefire comments meant to acquit Israel: Hamas official

Senior Hamas official Sami Abu Zuhri stated that US Secretary of State Antony Blinken's comments…

17 hours ago

Iran Leader: Gaza first issue of world

The Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei says Gaza has now turned…

17 hours ago