Iranian president Hassan Rouhani discussed cryptocurrencies at the most recent meeting of the government’s Economic Coordination Board and told participants that regulatory policy is needed to protect consumers. Rouhani believes the Iranian government should “communicate the necessary laws and instructions” as soon as possible so dishonorable crypto businesses are avoided.
Regulation Necessary to Keep ‘Unprofessional’ Entries Out of Crypto Sector, Iranian President Hassan Rouhani Says
On Tuesday, Iranian president Hassan Rouhani made comments toward the cryptocurrency industry gaining ground in Iran and also warned retail investors about the possibility of “unprofessional” entries into this space. Overall, Iran has been friendlier toward crypto-assets and businesses like bitcoin mining than most countries. There have been some issues with electrical consumption, but one study indicates that Iran is leveraging bitcoin mining to lessen the effect of economic sanctions against the oil-rich nation.
Iranian president Hassan Rouhani spoke about the cryptocurrency sector on Tuesday.
Tuesday’s meeting of the government’s Economic Coordination Board shows