Iranian Minister Discloses National Cryptocurrency Plans
New reports suggest that the Central Bank of Iran is planning to design a national cryptocurrency that will be supervised by the government.
The announcement was made on 21 February 2018 by the Information and Communications Technology Minister- MJ Azari Jahromi via his official Twitter page. He has mentioned about a meeting held together with the bank’s Board of Directors.
In a translation version, he posted this: “In a meeting with the board of directors of the post-bank on digital currency-based blocking chains, it set out the necessary measures for the pilot implementation of the country’s first digital currency, using the country’s elite capacity. A pilot model for review and approval will be presented to the banking system of the country.”
Iran is a target destination of the United States of America like Venezuela– which has launched its “petro” national digital cryptocurrency.
There is no information related to the Iranian crypto project’s further measures. As a remember, in November 2017, the Secretary of the Iran’s Cyberspace Authority Abolhassan Firouzabadi stated that the country will embrace Bitcoin only if the currency is regulated. That period, the Central Bank of Iran said that none of the digital assets are recognized as a currency.
The High Council of Cyberspace (HCC) warned that “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.”
It seems that Iran’s Central Bank has changed its opinion related to the adoption of cryptocurrency. The country’s digital currency will attract a lot of attention from the international crypto countries. All we can do is to wait the government’s decisions.