The Department of Science and Technology under the Iranian government plans to develop a national cryptocurrency. CoinDesk reports that the project will be implemented in cooperation with the central bank of the country and will be a response to US sanctions that will take effect next month.
We are trying to prepare the grounds to use a domestic digital currency in the country.
Deputy head in charge of investment affairs, The Department of Science and Technology
According to Daliri, the tokenized analog of the Iranian rial will help strengthen the rate of the national currency, stimulate the growth of domestic and external payments, and, in general, help the country circumvent US sanctions.
Also, according to the official, during the next three months the department will be engaged in the integration of blockchain technologies into the infrastructure of the central bank. In this case, the internal crypto currency will be used primarily for settlements with local commercial banks.
Official position of the Iranian government on the cryptocurrency is very strict. So, since May of this year, Iranian users of exchanges and have problems with access.