Iran Preparing Infrastructure for Bitcoin Use
Main page News, Cryptocurrency, Bitcoin
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Oct. 31, 2017

The Iranian Government has been conducting research into the economic and infrastructural aspects of preparing for Bitcoin use in the country, Bitcoin News reported.

Speaking to Shargh newspaper last week, Iran’s Deputy Minister of Information and Communication Technology, Amir Hossein Davaee, said adopting cryptocurrency in Iran would end up being in the general interest of the country.

“We, as the main center in Iran dealing with the country’s technology developments, have taken very seriously the issue of preparing the infrastructure for the new currency,” he said. “Arrangements are being made with the related organizations to put together the infrastructure as early as possible,” the Minister added.

Although the Iranian central bank deems commerce done with Bitcoin (Bitcoin) “not legal,” 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.

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