Central Bank of Iran releases draft policy on cryptocurrency

Financial Tribune – The CBI reemphasizes that the spread of cryptocurrencies will have potential ramifications for monetary and foreign exchange polices

T he Central Bank of Iran unveiled a draft of its cryptocurrency policy late on Monday, calling on experts and stakeholders in the area of virtual currencies to comment and send their views on the policy.

The announcement was to be made last September but was delayed and came just in time for Abdolnaser Hemmati, CBI governor, to include it in his package of good news on Tuesday at the 8th Conference of Electronic Banking and Payment Systems.

While clarifying some main issues shrouded in mystery in the past, the CBI intends to maintain the ban on common cryptocurrencies such as bitcoin to be used as payment tools inside the country.