Iran's Supreme Council of Cyberspace has announced that ministries within Iran are accepting the extraction of cryptocurrencies as a legal industry.
According to local news source IBENA, secretary of the Supreme Council of Cyberspace Abolhassan Firouzabadi said that the policy of the National Cyberspace Center includes organization of cryptocurrencies. According to the Secretary, the Central Bank as a trustee in the currency area has a weight as a decision-making authority and will soon declare the framework and final strategies for cryptocurrency activities. This includes " trade and participation of startups and trade activists in the cryptocurrency sector".
The final implementations will be announced by the end of September.
According to IBENA, Firouzabadi also suggested that the promise of a national cryptocurrency is pending. He said that the national digital offering will be able to represent a tool for economic transactions with Iran's business partners and with friendly countries. This happens in the middle of financial stress due to US sanctions.
"The Secretary of Iran's Supreme Cyberspace Council stressed that mining cryptocurrencies like Bitcoin were accepted as an industry in government and in all mining-related organizations as the Ministry of Communications and Information Technology, the Central Bank, the Ministry of Industry, Mines and Commerce, the Ministry of Energy, as well as the Ministry of Economic Affairs and Finance are of the agreement, but the final policy to legislate has not been declared yet. "
Recently it was reported that the national cryptocurrency was completely drafted and took the attention of the Council of Cyberspace. At the time, it was said that Saeed Mahdiyoun, the key regulator for drafts for the Council of Cyberspace, had said " that the plan to create a national digital currency is seriously pursued in recent meetings of the High Council for Cyberspace
Mahdiyoun also confirmed that at the end of September any doubt about the Iranian context of cryptocurrency will be clarified.
Start trading cryptocurrency with Coindirect