Iran Monetary and Banking Research Institute: cryptocurrencies can be traded, invested
Tehran, Iran, Jan.31
The head of Iran Monetary and Banking Research Institute Ali Divandarri believes crypto currencies in the blockchain can be traded.
"Cryptocurrencies that are part of a blockchain can be traded and they would remain hidden from the international monitors of countries with centralized monetary system," he said, Trend reports citing Mehr News Agency.
Divandarri also said that the Central Bank of Iran has established the "Borna platform" for researching cryptocurrencies, adding that in the future many local start-ups will be able to use it.
"For instance, if normal people cannot invest in big projects, they can trade and invest through this platform," he said.
According to Divandarri, the cryptocurrencies in the country would be treated as foreign currency.
Iran Minister of Information and Communications Technology (ICT) Mohammad Javad Azari Jahromi has also expressed hope for the launch of cryptocurrency in the country, while the Central Bank of Iran still resists towards the blockchain technology.