фото показано с : blokt.com

Iran could soon join the list of countries where cryptocurrencies are officially legal. This move should come as no surprise as the country has already revealed plans to introduce its own national cryptocurrency in a bid to beat US sanctions.

Cryptocurrency is a rather touchy and confusing topic in the international finance scene. There are countries where digital currencies such as Bitcoin and Ethereum are banned outright, while there are nations where they are perfectly legal to use. There are also those that have some minor restrictions on their usage. Meanwhile, there are countries where their status is still a bit ambiguous because of a lack of updated legislation in place.

Iran may soon join the ranks of countries where it is perfectly safe and legal to use cryptos, according to the Iranian publication Financial Tribune. This was revealed by Abolhassan Firouzabadi, head of High Council of Cyberspace.

Firouzabadi revealed that there are plans of legalizing the use and the mining of cryptos, saying:

“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,”

Compared to some of its peers, the Iranian central bank is more open to the idea of cryptocurrencies. In fact, Forbes reported that Iran is going ahead with its plans to introduce a national cryptocurrency.

Plans of introducing its homegrown cryptocurrency have been announced by the Iranian government back in April. Apparently, using cryptos is one of the solutions being eyed by the government as the US implements sanctions next month cutting off the country from traditional financial networks.

Alireza Daliri from the technological directorate of the Iranian Presidential Office explained:

“We are trying to prepare the grounds to use a domestic digital currency in the country. This currency would facilitate the transfer of money (to and from) anywhere in the world. Besides, it can help us at the time of sanctions.”

Iran is not the only country that has resorted to cryptocurrencies to mitigate the effects of sanctions and solve financial problems. Venezuela already introduced its own crypto called the Petro, which it hopes will combat its record-breaking inflation.

Legalization of Cryptos in Iran Imminent as Government Looks for Ways to Beat U.S. Sanctions was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

187 +