Economy, Business And Markets

Iran: Cryptocurrency Legalization Likely in Near Future

Cryptocurrency Legalization Likely in Near FutureCryptocurrency 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.


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