RATE Group | Iran Finalizes National Cryptocurrency Draft Document, Regulations Imminent • Live Bitco…
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Iran Finalizes National Cryptocurrency Draft Document, Regulations Imminent • Live Bitco…

27 Aug Iran Finalizes National Cryptocurrency Draft Document, Regulations Imminent • Live Bitco…

Posted at 03:52h in Cryptocurrency News by

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Iran has reportedly finalized a draft document on the matter of cryptocurrency in the country. This move comes as the government plans to create a state-issue virtual currency to circumvent U.S. sanctions.

Details of the Draft Document

According to local news media outlet Financial Tribune, a draft document on a proposed national cryptocurrency has been prepared. The article also stated that the Iranian President, Hassan Rouhani had earlier ordered such a report to be developed.

Speaking to another local news media outlet, IBENA, Saeed Mahdiyoun said that the country is taking concrete steps to create a state-issued cryptocurrency. According to Mahdiyoun, the nation’s cyberspace authority is at the forefront of these efforts.

Cryptocurrency Regulations Imminent

Mahdiyoun, the deputy director of the Supreme Cyberspace Council of Iran also said that more clear-cut cryptocurrency regulations are imminent. According to Mahdiyoun, most of the uncertainties around virtual currencies in Iran…

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