Digital currency exchanges will be assigned by the end of April

By the end of this month, the necessary instructions for digital currency exchanges in free and special economic zones will be announced. During the meeting of the Secretary of the Supreme Council of Free and Special Economic Zones with the Governor of the Central Bank, it was decided to issue the necessary instructions for issuing licenses for the establishment of digital exchange offices in the regions by the end of April, after finalizing and approving the bylaws. Also, regarding the allocation and provision of foreign exchange for the activities of production units and traders, in this meeting it was decided that the necessary coordination be done between the Secretariat of the Supreme Council of Free and Special Economic Zones and the Ministry of Industry, Mines and Trade. Notify this ministry.

Coordination to provide the necessary guarantees for the use of foreign funds was another issue raised at the meeting. Also, the amendment of the decision to establish an offshore bank in order to encourage domestic and foreign investors to establish these banks and to issue a license to establish a digital exchange or Ramzarz exchange in free zones were other issues that were raised at the meeting. Special conditions should be considered for free zones through the Central Bank in order to establish an offshore bank.

The increase in the price of bitcoins and cryptocurrencies in recent months in Iran has also attracted a lot of attention; Last year, the extraction of cryptocurrencies was considered an industrial activity in the country, but their exchange was banned.

In the last days of last year, it was announced that the exchange of cryptocurrencies is unrestricted only for the official extraction of cryptocurrencies for import, but trading in this type of currency between individuals is prohibited. Central bank officials also stressed the ban on cryptocurrency transactions between individuals under the Supreme Council for Combating Money Laundering and a cabinet decision in 1998, in which Shaparak announced to its payers that it would block electronic portals provided by unauthorized businesses, including cryptocurrencies. They will be.