Cryptocurrency Policy Soon
Cryptocurrency Policy Soon

Iran Cryptocurrency Policy Soon

Iran Cryptocurrency Policy Soon

The Central Bank of Iran will announce its official policy on cryptocurrencies within the next few months, the monetary regulator’s deputy for international affairs said.

“CBI is tracking cryptocurrencies, but if we invest in Bitcoin, we must also accept its risk as no one will be accountable if someone’s capital is lost,” Gholamali Kamyab also told IRNA.

The official said various dimensions of virtual currencies remain “unknown”, as no one clearly knows which people or entities are behind them.

“The other problem is that with virtual currencies, money does not exit the banking system and therefore cannot be controlled.

Transactions are made through illegal moneychangers and therefore it also hurts the national interest, as foreign exchange flows out of the country,” he concluded.  


Short URL : https://goo.gl/ypt3p8
  1. https://goo.gl/WFfuh3
  • https://goo.gl/GT4nA3
  • https://goo.gl/cHRGFr
  • https://goo.gl/SFF8RU
  • https://goo.gl/ViGb2S

You can also read ...

Iran, Syria Mull Prospects of Economic, Trade Cooperation
Syrian Minister of Economy and Foreign Trade Mohammad Samer al...
Iran to Make Most of Eurasia Preferential Trade Agreement
Iran’s ambassador to Kazakhstan highlighted Tehran’s efforts...
Most French Firms ‘Won’t Be Able to Stay’ in Iran
Most French companies hoping to keep doing business in Iran...
Second Preparatory Meeting for ‘Sports Economy Conference’
Donya-e-Eqtesad Media Group played host to the second...
Google to Invest $550m  in China’s JD
Google is investing $550 million in cash in China’s JD.com Inc...
President Hassan Rouhani, flanked by Parliament Speaker Ali Larijani (R) and Judiciary Chief Ayatollah Sadeq Amoli Larijani, attended the meeting in Tehran on June 19.
The Supreme Council of Economic Coordination, a joint meeting...
Border Transit Rises 11% in 2 Months
More than 1.59 million tons of commodities were transited...
Iran Steel Output Surges 13%
Iranian steelmakers produced a total of 7.66 million tons of...

Add new comment

Read our comment policy before posting your viewpoints