Tehran, Iran, July 27
Trend:
An Iranian MP has indicated if the FATF members' behavior continues to be politically motivated, then Iran can refer to other monetary agreements, including cryptocurrency, as opposed to banking operations.
"Monetary agreements, digital currencies and other approaches can be FATF alternatives for banking trade," said Mohamad Reza Pourebrahimi, Trend reports citing ILNA.
Iran Customs Administration has announced new tariff regulations on crypto currency mining hardware imports recently, while the country had formally recognized mining as an industry in 2018, but concerns over high volume of power consumption by miners has created certain obstacles.
"There are various methods to replace FATF,” he said.
"We would cooperate with FATF if their approach is non-political but if not, the accession to Financial Action Task Force is not in the interest of the Islamic Republic and its better that the Expediency Council postpones its decision," Pourebrahimi noted.
"At the moment we are not in the FATF black list but they are treating use much worse than those who are on the list," he said.
"If the FATF member’s behavior toward us was be based on reality, we can cooperate with them however the US approach in this case is political and not based on economy," he indicated.