The license of the central bank for “importing goods with cryptocurrency” will be issued soon
The central bank will soon issue a license to import goods with domestically produced cryptocurrencies through authorized banks and exchanges, and it is supposed to approve the regulations related to it in the Supreme Money Laundering Council.
Iran will soon join the club of holders of national cryptocurrencies. As the officials of the central bank say, it is supposed to approve the regulations related to it in the Supreme Money Laundering Council by the end of April.
Ambiguity in people’s use of cryptocurrencies in Iran still exists, and the government has also announced a ban on any transactions and sales with digital currencies; Of course, the “production” of cryptocurrency has been recognized for a long time, and the rules for its production have been formulated and announced, and based on the coordination between the custodian ministries, the Ministry of Industry, Mines and Trade has now issued licenses related to the mining of digital currencies. ; But these produced currencies have not been allowed to trade in any way.
For this reason, the central bank has blocked all the payment portals that performed operations related to cryptocurrency transactions and dealt with the exchanges that performed these operations in the past months. But the central bank will soon issue permission to use domestically produced cryptocurrencies to import goods to their authorized banks and exchanges.
An official in the banking system said: Although the central bank does not approve the current transactions of cryptocurrencies inside the country, it has no objection to the transactions with the special rules that are being developed. Because the central bank believes that the future of the world’s economies is tied to cryptocurrencies, and Iran should also join this group; But its terms and conditions must be specified precisely and it must be ensured that it will not have serious risks for the economy.
He added: In this regard, for the “production” of cryptocurrencies inside the country, a regulation was approved and the production of cryptocurrencies became legal; Now the Central Bank and the Ministry of Economic Affairs and Finance are pursuing the approval of a regulation for the exchange of cryptocurrencies that are produced inside the country; This regulation is supposed to be approved by the Supreme Anti-Money Laundering Council (Ministry of Economy); According to this bylaw, authorized banks and exchanges will be given permission to import goods from the place of produced digital currency.
According to this official, the Supreme Anti-Money Laundering Council will approve the regulations by the end of April.
Also, based on the information obtained, the Central Bank of Iran’s currency as the country’s national currency is also passing its final stages; It will be backed by gold and foreign currency, and banks can use this cryptocurrency for their transactions in exchange for Rials or other assets that they provide to the central bank.
Experts believe that this cryptocurrency will reduce the liquidity multiplier.
This post is written by mohammadreza20205