Iran's government announces new cap on stablecoin transactions and holdings

Iran has announced a new directive concerning stablecoin transactions, with the country dealing with the fall of its fiat currency, the rial. According to the new rules, stablecoin transactions will now be capped for individuals and firms amid the return of UN sanctions. According to the statement, Iran has directed that annual purchases should not exceed $5,000 per person, with total holdings expected to remain at $10,000.