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Iran Targets Crypto Exchanges Over Tether Market Manipulation Claims

Guavy AI Editorial Team
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The Iranian Central Bank is planning to block rial accounts and payment gateways belonging to some cryptocurrency exchanges, according to reports from the IRGC-affiliated Fars news agency.

The move targets exchanges accused of placing artificial orders in the Tether market, disrupting the pricing of the dollar-linked cryptocurrency and Iran's broader foreign-exchange market.

This comes as the rial has fallen to record lows against the dollar amid mounting pressure on Iran's economy.

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