According to the Iranian authorities, despite the bitcoin ban, residents of the Islamic Republic purchased cryptocurrencies worth $2.5 billion on foreign trading platforms. This is almost 10% of the total amount moved out from Iran.

Mohammad Reza Pourebrahimi, Chairman of the Economic Committee of the Parliament of Iran, said that, according to the Iranian authorities, Iranian residents moved out of the country more than $2.5 billion using cryptocurrencies.

“Despite the fact that a minority of the people of our country are customers of virtual currencies and their new markets, more than $2.5 billion have fled the country following their purchase while a majority of people active in this area are in it for speculative activities and macro profits.”

The total sum withdrawn from Iran is estimated at $30 billion, he said earlier this month.

“Iranians do not have access to the international banking system and the transfers can only occur through unconventional ways, such as exchange dealers or international travelers,” Pourebrahimi said.

Thus, cryptocurrencies account for slightly less than 10% of the total amount of funds withdrawn from Iran.

Pourebrahimi also said that, despite the fact that Iran's national cryptocurrency could "circumvent sanctions," there are currently no developments in this direction. His words contradict the statement of another representative of the Iranian government.

“The central bank’s (ban) does not mean the prohibition or restriction of the use of the digital currency in domestic development. Last week, at a joint meeting to review the progress of the [local cryptocurrency] project, it was announced that the experimental model was ready,” Information and Communications Technology Minister Mohammad Javad Azari-Jahromi said at the end of April.

According to him, the project is being dicussed in the government.

Earlier, the Central Bank of Iran banned banks and other financial institutions, including exchange offices, to conduct any operations with cryptocurrencies. The regulator explained its decision by the fact that cryptocurrencies are often involved in the financing of terrorism and money laundering.