Iranian Central Bank Official Hints That Cryptocurrency Ban May Be Repealed During September

While talking at a conference on digital currency and distributed ledger technology in Tehran on Sunday, Nasser Hakimi, the Central Bank of Iran’s deputy for innovative technologies, made proclamations construed as demonstrating that the Iranian government will probably repeal its ban on digital currencies amid September.

“The first concerns the prevalent global cryptocurrencies. The High Council of Anti-Money Laundering has imposed a ban in light of concerns over global allegations of money laundering and financing of terrorism. But it seems that after the government’s consideration, this blanket ban will be reviewed,” Mr. Hakimi stated.

The blanket ban, first reported on April 22nd of this current year, was apparently planned to deliver concerns relating to money laundering and financing of terrorism.

The digital currency ban is relied upon to be lifted when Iran declares the end of its new regulatory apparatus relating to digital currencies, which is as of now slated to happen before the end of September.

As indicated by Financial Tribune, Iran’s new digital currency policies have been developed under the guidance of President Hassan Rouhani.

Mr. Hakimi likewise talked about the likelihood of Iran’s present position with respect to the improvement of a state-issued digital currency, expressing: “National virtual currencies haven’t proved successful experiences in the world, but some economic officials have emphasized on this, so the Informatics Services Corporation has readied a test edition and some other entities are also cooperating in this.”