Tehran, Iran, Jan. 16
By Kamyar Eghbal – Trend:
Monetary and Banking Research Institute of Iran is studying the possibility of using cryptocurrencies in the country as per the Central Bank’s request, a senior official told Trend.
Ali Divandari, the head of Monetary and Banking Research Institute of Iran, has said that the research seeks to answer the question that how the blockchain technology could be employed for issuing cryptocurrency in Iran.
Confirming that the cryptocurrencies have made their way to the Iranian market, he added that there is a group of Iranian buyers who have expressed interest in the digital assets.
Divandari added that his institution is currently studying ways for using cryptocurrency in the Iranian market from two aspects - first the possibility to issue such currencies, and the second the technical capabilities.
The outcome of the studies will be disclosed during a banking conference in Tehran on Jan. 22-23.
Divandari believes that the cryptocurrencies run certain risks and there is a lack of serious supervision on them.
Mostly those who are interested in the risk and high-return investments have been involved in trading the cryptocurrencies, he stated.
Saying that the cryptocurrencies have a small share in the international economy, the official added that Iranian traders have demonstrated a high interest in the digital assets.