The Proposal
Iran’s National Center of Cyberspace (NCC) has drafted a proposal for regulating digital currencies, reported The Financial Tribune, the country’s first English-language newspaper on economics. It is set to be passed by the High Council of Cyberspace in the next four months. “The widening use of digital currency, specifically bitcoin, in recent years has prompted officials to implement regulatory measures,” the publication wrote.
Two different commissions have been reviewing different aspects of digital currencies; one on the economic impact, and the other on security issues. “The two commissions will hold a meeting in the next two months to finalize the proposal,” NCC’s deputy for regulation Saeid Mahdavioon said, adding that:
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We had come up with five scenarios for regulating digital currencies in Iran … NCC’s Commission for Regulations has favored a scenario that focuses on taking a lawful approach to make the best use of digital currencies.
Full article: https://news.bitcoin.com/digital-currency-regulations-iran/