The Briton beat Ukrainian Wladimir Klitschko on points last month to
take three versions of the world title.
The self-proclaimed 'Gypsy King', who is unbeaten in 25 bouts, failed
to agree to fight the IBF's mandatory challenger Vyacheslav Glazkov.
Glazkov would have been a formidable opponent for Fury, as he has won
21 of his 22 professional fights.
However, Fury was punished after he opted to sign a rematch clause to
fight Klitschko, who was world champion for 11 years, again.
Speaking about the decision to strip Fury of his title belt, Lindsey
Tucker, championships chairman at the IBF, told BBC Sport: "It's true
he's been stripped of his IBF belt."
He added: "Our challenger was Vyacheslav Glazkov, but instead Fury's
gone and signed a re-match clause with Wladimir Klitschko."
Fury will retain the WBA and WBO versions of the heavyweight crown,
while American Deontay Wilder is the current holder of the WBC belt.
A date and venue for the Klitschko v Fury rematch is yet to be decided.
Meanwhile, Fury, who is the subject of a petition to be taken of the
shortlist for the BBC Sports Personality of the Year (SPOTY) awards,
is at the centre of a controversy over his comments about women and
gay people.
Greater Manchester Police (GMP) are reportedly investigating an
allegation of hate crime made against Fury.
The newly crowned champion was quoted as saying a woman's "best place
is on her back" and criticised homosexuality and abortion.
Although he tried to clear up his views during an interview with
broadcaster Jeremy Vine onBBC Radio2, GMP are expected to visit the
complainant to collect a statement before deciding what action to take
next
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