Iran’s plan to freeze bank accounts reinforces the need for decentralization.
A member of the Iranian parliament has told local media that the government plans to impose new punishments on women who do not wear a hijab in public, with individuals who refuse to comply having their bank accounts frozen.
The member of the Cultural Commission of the Islamic Consultative Assembly told Iranian media.
Unveiled persons would be told to respect the law and wear a hijab in order to avoid having their bank account frozen.
“In the third stage, the bank account of the unveiled individual may be frozen.”
Similar actions taken by governments in the past have seen protestors and dissidents use cryptocurrencies to access financial instruments.
Jalali did not specify what the warning stage was, he suggested there should not be morality police, and other key figures have noted cameras may be used in combination with artificial intelligence to identify offenders.
There have been protests in Iran.
An Iranian woman named Mahsa Amini died in Tehran after being arrested by the morality police for not wearing a hijab.
Many women are setting fire to their hijabs or refusing to wear them as a result of a broader push to force the government to back down on its compulsory hijab requirements.
Similar events took place in Canada earlier this year when the country’s Prime Minister invoked the Emergencies Act.
The “Freedom Convoy” protests have enabled regulators to freeze the bank accounts of members.
Iran has been using the virtual currency in international trade deals.
The Central Bank Digital Currency (CBDC) is being developed by Aug. 9.
The risks of the transition to a cashless economy are highlighted by the threat from Iranian officials to freeze bank accounts.
On December, Nigeria.
6 banned ATM withdrawals of more than $45 a day in an attempt to force the population to use its unpopular CBDC.
Unlike cash, transactions of Cryptocurrencies can not be blocked by government officials.
The host of Wall Street Silver noted in a Dec. 6.
It’s a scary idea that governments have absolute power over your money.