[2017-10-31] Iranian Government Preparing for Bitcoin Use Inside the Country

[ivanpoldark]

The Iranian government has been conducting research into the economic and infrastructural aspects of preparing for bitcoin use in its country. According to the ministry of information technology, “arrangements are being made” to put together the infrastructure for the digital currency “as early as possible.”

Iran Preparing Infrastructure for Bitcoin Use

Iran’s Deputy Minister of Information and Communication Technology, Amir Hossein Davaee, reportedly said in an interview with Shargh newspaper last week:

        "The ministry of communications and information technology has already conducted a number of research studies as part of [its] efforts to prepare the infrastructure to use bitcoin inside the country."

He said that the cryptocurrency has two aspects, economic and infrastructural, adding that adopting it in Iran will end up being in the general interest of the country. “We, as the main centre in Iran dealing with the country’s technology developments, have taken very seriously the issue of preparing the infrastructure for the new currency,” he was quoted saying, noting that:

        "Arrangements are being made with the related organizations to put together the infrastructure as early as possible."

Although the Iranian central bank deems commerce done with bitcoin “not legal,” which discourages local businesses from embracing the digital currency, there has been no law passed by the government so far specifically banning the use of bitcoin as a payment method. Meanwhile, the Iranian government has been working on proposed regulations for digital currencies. News.Bitcoin.com reported in June on draft proposals by Iran’s National Center of Cyberspace.

Residents of Iran rely on Localbitcoins as well as Australian-based peer-to-peer marketplace Coinava which connects buyers and sellers in Iran without directly buying or selling bitcoins. Additionally, Iran’s Bitcoin group on Facebook is active with over 29,000 members at present.

Read more: https://news.bitcoin.com/iranian-government-bitcoin-use/

[CryptoBry]

Of all the countries that are expressing some possibility of opening its doors to Bitcoin, I am so surprised with Iran. Why? it is because Iran is considered to be a closed country and always scrutinizing any possible external influence much more anything that belongs to the West or that originated from the West.

As to why it is getting interested with Bitcoin that is something maybe a little bit hard to fathom for now. The way I see it is that maybe some leaders are looking at it as the best medium of exchange in case there can be embargo or economic sanctions in the future...the government wants to establish a good infrastructure that the West can find hard to control.

Anyway, let's welcome Iran to the Bitcoin club as this is the currency that is open to anyone!

[1Referee]

It's quite weird to be honest. I think it's more likely that the article got wrongly translated as it probably meant to say Bitcoin equivalent in Persian, but the English translators took a different path. It won't be the first time that articles get wrongly translated to make it seem more interesting than it in reality is. If true it will be an amazing achievement from a country that no one expects it from, but I rather remain conservative till there are more reputable news sites coming up with more factual information.

[error08]

It's an old news from October and you can find another here: https://news.bitcoin.com/digital-currency-regulations-iran/ > this article has been published since June 15, 2017. A statement means nothing without implementation, such as the news about some countries which may legalized bitcoin or regulate cryptocurrency but there is nothing as results to become reality, but a country like Belarus without any drama, have legalized cryptocurrency, this is want we're waiting for, not such false promise news.