Iran's Central Bank Requires Domestic Crypto Trading Platforms to Limit Operating Hours to 10:00 –20:00
On June 19, it was reported that after Iran's largest cryptocurrency exchange suffered a cyberattack resulting in losses exceeding $90 million, the Central Bank of Iran has ordered all domestic cryptocurrency exchanges to restrict their operating hours. The new regulation limits trading hours to between 10:00 a.m. and 8:00 p.m., which appears to be a direct response to the hacking incident at Nobitex. This move aims to strengthen oversight and reduce the likelihood of similar incidents in the future, especially during non-working hours when cybersecurity response times are slower.
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