Iran banned the use of bitcoin and other cryptocurrencies by banks and financial institutions on Monday amid ongoing debate over how best to regulate the technology. "The use of bitcoin and other cryptocurrencies in all the country's monetary and financial centres was banned," the central bank said in a statement overnight.
The central government is right that the use of crypto currencies in any countrys monetary and financial institutions was banned but still lacking here are few countries like japan , South Korea who has legalised bitcoin in their nation and is using bitcoin and other crypto currencies as a mode of transactions and moreover a American city, Florida as also legalise bitcoin and allowing bitcoin as a mode of payment in tax payment system and there is again a news that Iran has also banned crypto currencies from their nation, I think all countries needs to understand the real potential of bitcoin and its potential to increase the countrys development.