Cryptocurrency News

Iran: the state-backed crypto draft is ready

Soraya Nildarar
Written by Soraya Nildarar

The draft of the document on the national Cryptocurrency has been developed on the initiative of Iran’s President Hassan Rouhani, Ibena news agency published.

The draft of the document on Iran’s national cryptocurrency has been prepared at the request of President Rouhani, says the deputy director in charge of drafting at the National Cyberspace Center, Saeed Mahdiyoun. He also said that the layout to produce a national digital currency is thoughtfully being sought in the recent meetings of the High Council for Cyberspace.

Saeed Mahdiyoun stated that the state officials remain doubtful on the topic of regulating cryptocurrencies and they have yet to publish any details on the program.

Saeed Mahdiyoun

The plans of investigating cryptocurrency and blockchain had been declared by the Iranian government earlier in February 2014. The Central Bank of Iran, the Securities and Exchange Organization, the Ministry of ICT, the Ministry of Economic Affairs and Finance, the judicial system, the Police Force, the Cyber Police, and the Majlis Research Center have been actively holding conferences to harmonize and synergize for the purpose of surveying blockchain and cryptocurrencies. The technology is expected to facilitate the transfer of money anywhere in the world, therefore authorities have emphasized its regulation.

According to Saeed Mahdiyoun, the Central Bank of Iran will publish its stance on the matter at the end of September.

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Soraya Nildarar

Soraya Nildarar

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