Tasnim News Agency, affiliated with the IRGC, reported on Wednesday, the 8th of Mehr that cryptocurrency exchanges have stopped Tether transactions from 9:00 p.m. every night until 9:00 a.m. the next day.

According to this report, this restriction will be applied starting today at 9:00 p.m. until Sunday, the 12th of Mehr, and the daily purchase cap for each user has been set at 2,000 Tethers.

The measure was taken in response to the rapid increase in the prices of foreign currencies and the fall in the value of the rial.

On Wednesday evening, the price of the dollar in Iran’s open market crossed 255,000 tomans, and each Tether was also traded at about 255,000 tomans.

Previously, the Central Bank of the Islamic Republic had also announced that extending loans for the purchase of gold, foreign currency, and cryptocurrencies is prohibited, and this ban includes both direct and indirect facilities of banks and digital units as well.