Iran soon to launch official digital currency

TEHRAN, Jul. 30 (MNA) – Secretary of Iran's Supreme Council of Cyberspace, Abolhassan Firouzabadi, said Sun. that digital currency will be regulated and made official in the country in the near future.

He made the announcement on the sidelines of ELECOMP 2018 exhibition currently underway in Tehran, saying that the decision was made during a session of the Supreme Council of Cyberspace on Saturday evening.

“Decisions are pointing toward the launch of an official digital currency in Iran,” he added.

“No decision has yet been made about which digital currency should be made official in Iran, but it was decided that the Social Commission form a working group to discuss the launch of virtual currency exchanges, data analysis of digital currencies, and which currencies should be made legal in the country,” he said.

He went on to add, “we are also planning to come up with a national and joint cryptocurrency for economic transactions with friendly countries. This issue will be discussed in the next session of the cyberspace council.”

On July 25, Alireza Daliri, the Directorate’s deputy for management and investment affairs, said the development of a national digital currency would help Iran dodge the returning US sanctions.

“We are trying to prepare the grounds to use a domestic digital currency in the country,” Daliri had said, adding “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.”

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News Code 136191

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