Iranian blockchain association advocates smart crypto regulation

by in Cryptocurrency News

Iran

The Iranian authorities have previously repeatedly announced their intention to use cryptocurrency to circumvent Western sanctions.

However, the industry has not yet been legalized in the country, and the government of the country allows the use of only those bitcoins that are mined on its territory. In addition, Tehran is fighting miners, whom it accuses of putting pressure on the energy infrastructure.

The local blockchain association has criticized officials for being slow in solving the problem of crypto regulation. In addition, the organization, represented by its head Abbas Ashtiani, offers the government of the Islamic Republic of advisory assistance in the development of a regulatory framework.

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According to the expert, it is necessary to create a council of representatives of the authorities and the blockchain business. He will act as an instance defending the interests of the cryptosphere.

Ashtiani noted during his speech at a press conference: "We need a special council of representatives of government agencies and private enterprises to develop laws for cryptocurrency. We need to develop a framework that takes into account the interests and solves the problems of the industry."