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Key Meeting on Cryptocurrency Plans

Key Meeting on Cryptocurrency Plans Key Meeting on Cryptocurrency Plans

Top officials from the Information and Communications Technology Ministry and the Central Bank of Iran are to meet in the coming days to discuss plans to introduce a cryptocurrency. “President [Hassan Rouhani] is working to clarify the legal basis for the creation of cryptocurrencies and a related meeting is scheduled with CBI Governor Abdolnasser Hemmati in a few days,” ICT Minister Mohammad Javad Azari Jahromi told IBENA on Friday. Jahromi noted that currently, the use of any type of cryptocurrency has been banned by Iran’s Anti-Money Laundering Council. “The ban is meant to prevent an outflow of foreign currency and fight money-laundering accusations against the country. I believe CBI will soon announce a revised policy,” he added.

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