Cryptocurrency Legalization Likely in Near Future
Cryptocurrency Legalization Likely in Near Future
Tuesday, July 31, 2018

Iran: Cryptocurrency Legalization Likely in Near Future

Tuesday, July 31, 2018

Iran: Cryptocurrency Legalization Likely in Near Future

A conservative figure, who in the past voiced pessimism toward cryptocurrencies, has admitted that the decentralized phenomenon will “probably” be legalized in Iran in the foreseeable future.
“The final decision has not been made yet, but a working group in the Majlis Social Commission is studying it to establish online exchanges for virtual currencies, mining of virtual currencies and what currencies will be declared legal,” Abolhassan Firouzabadi, the head of the High Council of Cyberspace, also told Fars News website.
His remarks came the same day–Saturday–and only hours after he attended an HCC meeting chaired by President Hassan Rouhani, which was mainly convened to discuss using “cryptocurrencies in the national economy”. The meeting, slated to be the first of many, also focused on opportunities of developing the national virtual currency and the possibility of using other foreign cryptocurrencies.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/qFBnRj
  1. https://goo.gl/5WrrgG
  • https://goo.gl/Th9dah
  • https://goo.gl/WFhrBF
  • https://goo.gl/pDDLfu
  • https://goo.gl/VoN5Mo

You can also read ...

Italian investment companies remain active in Iran, despite...
Iranian Insurance Firms' Premium Income Exceeds $1.2b in H1 (Mar-Sep 2018)
Iran insurance industry earned 183 trillion rials ($1.28...
Iran, India Leading Global Ammonia Capacity Growth
Iran and India will continue to lead the global ammonia market...
Iran Auto Industry Hither and Thither
Over the past few days, Iran’s beleaguered auto industry has...
Iran-Russia Non-Oil Trade Sees Over 80 Percent Hike (September 2018)
Iran traded 956,662 tons of non-oil commodities worth close to...
US Sanctions Against Iran Ridicule Int'l Norms
Foreign Ministry Spokesman Bahram Qasemi on Wednesday...
First-Timers Constitute 20% of Tehran Homebuyers
First-time homebuyers have accounted for a 20% share of total...
Iran's Exports Via Land Borders Up 17%, Imports Down 8% (Mar-Sep 2018)
Some 3.71 million tons of oil and non-oil commodities were...

Add new comment