Mohammad Reza Farzin, Governor of the Central Bank of Iran, stated that Tether’s exchange rate fluctuations are not significantly related to official market exchange rates.
Mohammad Reza Farzin, Governor of the Central Bank of Iran, stated that Tether’s exchange rate fluctuations are not significantly related to official market exchange rates. He explained that Tether cannot be used as a determinant for price direction or exchange rate predictions. In response to questions about the Central Bank’s plans to regulate and organize cryptocurrency exchanges, he said: “We have formulated and structured specific regulations for cryptocurrencies and tokenization processes, which will soon be unveiled.” He added that Tether’s exchange rate aligns with the rates in unofficial or free markets and is not recognized as a benchmark or guiding indicator in global markets.
Source: SNN.IR
