Just a few years ago, the mainstream public viewed Bitcoin as some obscure medium of exchange used on the black market
Iran's Cyberspace Authority Says It Welcomes Bitcoin
The secretary of Iran's High Council of Cyberspace has said the agency "welcomes" bitcoin, with the caveat that there must be regulation.
Iran's High Council of Cyberspace (HCC) has said it "welcomes" bitcoin, with caveats.
According to Irani newspaper Financial Tribune, Abolhassan Firouzabadi, secretary of the country's cyberspace authority, said: "We welcome bitcoin, but we must have regulations for bitcoin and any other digital currency ... following the rules is a must."
Despite no specific regulations for cryptocurrencies in Iran so far, bitcoin is used in the country for payments, trading, mining and various other businesses, he added.
However, the HCC secretary warned:
"Mechanisms of control and supervision over the supply of cryptocurrencies are being implemented through the collaboration of the central bank and related entities, but the people must be aware of their risks and dangers on the demand side."
While the central bank has yet to come up with a definite stance on bitcoin, that will soon be clarified, he said.
Firouzabadi also indicated that the HCC and Iran's central bank have already collaborated in the study of digital currencies, in the wake of the recent price surge, and that that process will continue.
Just two weeks ago, the Central Bank of Iran's deputy director of new technologies, Naser Hakimi, warned the public on the "uncertainty" surrounding bitcoin and other cryptocurrencies, cautioning bitcoin investors that they are putting their capital at risk.
Leave a reply
Bitcoin according to Gartman - $5k trading is on the cards
Even though Bitcoin, and the crypto industry in general, has taken positive steps towards mainstream integration,
Indian Lawyer Demands ‘Urgent’ Regulation of Bitcoin with Court Petition
A second Indian lawyer has filed a petition to urge authorities develop a regulatory framework for cryptocurrencies like bitcoin in the country.
Moldova to Champion Blockchain Cause Through Transformative Innovations and Investment Opportunities
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below.