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Topic: [2017-11-29] Iran Welcome Regulated Bitcoin as a Replacement for SWIFT (Read 833 times)

sr. member
Activity: 658
Merit: 282
Interesting article!

I think that Iran is more incentivized to embrace BTC than most Western countries, because of their
suffering under the imposed economic sanctions. These restrictions have heavily influenced the economic growth
of the economy of Iran. A settlement system like Bitcoin that is less controlled by the US than the
traditional banking system is really an attractive option for them.

Besides, there aren´t really any other promising innovations aside from Bitcoin
that promise to challenge the status quo of a banking system that is heavily subject
to directives of the US administration.

member
Activity: 86
Merit: 10
Hey!
In the first interview of its kind, Iran’s High Council of Cyberspace (HCC) have confirmed that they have embraced Bitcoin in the famously secretive country, but are putting a lot of work in to regulatory laws.

Abolhassan Firouzabadi, the secretary of HCC, was reported to have said “We welcome Bitcoin, but we must have regulations for Bitcoin and other digital currency… Our view regarding Bitcoin is positive, but it does not mean that we will not require regulations in this regard because following the rules is a must.”


Source: https://coinblip.com/blog/iran-regulated-bitcoin-replacement-swift/
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