New Update on Iran‘s national cryptocurrency system

Parto Avazpour
Written by Parto Avazpour

Iran ’s minister of ICT described the latest status of launching the country’s national cryptocurrency system, YJC news agency reported.

The ICT Minister of Iran, Mohammad Javad Azari Jahromi, discussed the latest status of the country’s national cryptocurrency system:

We have to be more cautious about the title or the phrase used for the national cryptocurrency and understand what it actually means.

He expressed a question about the definition of the cryptocurrency and declared:

we have to specify if the cryptocurrency means the currency of the country or we tend to use that to activate the interbank trading system.

He continued to mention that technically, for encrypting the blockchain based-cryptocurrency and using it, the central bank has its sample models and they can make a decision on that.

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Parto Avazpour

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