Iran: High Council for Cyberspace is open to cryptocurrencies
In Iran, the High Council is the sole authority on Internet policy and was selected by Ali Khamenei, the Supreme Leader of the Islamic Republic in this role. The fundamental task of the committee, which is enforced by clerics, is to check the consistency of the contents and functions of the Internet with the Islamic way of thinking and living.
Now, however, the High Council has also been active and interested in the area of cryptocurrencies. For example, it was announced over the weekend that the country is in favor of Bitcoin and other cryptocurrencies insofar as they fulfill certain basic regulatory requirements. To this end, the High Council, together with the Central Bank, would like to gather more information about the new type of means of payment.
"We at the Cyberspace High Council welcome Bitcoin but regulation is needed on Bitcoin and the other digital currencies. It is necessary to prepare studies to assess the use of new currencies ",
said Abolhassan Firouzabadi, Secretary of the High Council in conversation with the English-language Iranian business paper Financial Tribune.
Firouzabadi also admits that Bitcoin has long since arrived in Iran despite the lack of regulation by the state. People would already buy and sell Bitcoin, mine and trade cryptocurrency. Also, a start-up scene around the advent of crypto currencies is already developing. Therefore, the Bitcoin should be considered quite positive, but in the long term would not be without some state limitation. From the state side, a legal framework would be considered more in the course of the coming year than a clearly differentiated regulation.
Already earlier this month, announcements have been made that Iran is planning to regulate Bitcoin. The open-mindedness of the Iranian government could, according to the assumption at that time, also be driven by international sanctions against the state, which must be circumvented.
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