With bitcoin mining being a regulated activity in Iran, the head of the country’s securities and exchange regulator believes the central bank has to turn its attention to cryptocurrencies. The regulator is ready to consider accommodating crypto trade when digital assets are regulated.
Capital Market Regulator to Look Into Crypto Trading if Central Bank Regulates Cryptocurrencies
Iran’s Securities and Exchange Organization (SEO) has no immediate plans for hosting cryptocurrency trade in the country’s capital market but that may change if cryptocurrencies are properly regulated. That’s according to a statement by Mohammad Ali Dehqan who heads the authority.
Quoted by the Ibena news agency and the English-language Iranian business daily Financial Tribune, Dehqan noted that government rules for the mining of cryptocurrencies are currently the only crypto-related regulations. He further insisted:
Use of the mined cryptocurrency by the people is what the CBI should be dealing with.
The SEO official pointed out that as the Central Bank of Iran (CBI) has not made a specific announcement regarding the use of cryptocurrencies, digital currency trading in the Iranian capital market is not possible at this stage. However, Mohammad Ali Dehqan also emphasized:
We will look at the issue if the Central Bank of Iran regulates cryptocurrencies.