Majlis Research Center has called for an informed regulatory initiative between top government bodies for Iran to be able to enjoy the benefits of virtual currencies while preventing anti-money laundering violations, tax evasions, and speculative activities.
According to Financialtribune, Suitable efforts can make the virtual currency market roll on the rails of the country’s policymaking.
The research arm of Iran’s Parliament has dedicated its latest analytical study to virtual currencies, once again calling for calculated and well-assessed regulations to employ them in the economic cycle of the country.
In the study published on the official website of Majlis Research Center on Sept. 2, the think tank called for regulatory measures that include anti-money laundering probes, taxation, and stock market regulation of virtual currencies as viable financial instruments.
This is the second study by the parliamentary entity in two months. It had previously published another study on July 20, calling on a host of top decision-making bodies to join forces and employ the potentials of digital money and blockchain technologies through constructive regulations to foster the economic and circumvent US sanctions.