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Iran Imposes Crypto Exchange Curfew After $100M Nobitex Hack
Iran Imposes Crypto Exchange Curfew After $100M Nobitex Hack
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Iran has enforced a strict curfew on cryptocurrency exchange operations following a $100 million hack on Nobitex, the country's largest digital asset platform. Exchanges are now restricted to operating between 10 a.m. and 8 p.m. daily, a move aimed at curbing capital flight and tightening oversight of crypto transactions.
The decision underscores mounting government concerns over the risks associated with digital assets and the need for stricter regulatory control. Authorities appear to be prioritizing surveillance and operational limitations as interim measures while broader crypto policies are developed.
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