HCC is the main instance to decide the fate of cryptocurrencies in Iran. And it has declared that the bitcoin and others cryptocurrencies are welcome in Iran if they are subject to certain rules. The Iran Central Bank are studying virtual currencies, because they have captured the attention of the world.
Mechanisms of control and supervision over the supply of cryptocurrencies are being implemented through the collaboration of the central bank and related entities, but the people must be aware of their risks and dangers on the demand side.
the head of CBI’s Innovative Technologies Department
CBI has not developed some definitive regulations for currencies. But a lot of Iran people are using Bitcoin, be it purchasing, selling or mining it, and dealing with it in exchange shops, creating content and establishing startups. In total, CBI will develop 6 documents to regulate fintechs and cryptocurrencies. Some of them will be published in March 2019, two have already been published, a third will appear in December, and the fifth one about cryptoconcession - in September 2018. Also HCC will continue to study and evaluate pros and cons of virtual currencies.