Bitcoin May Soon be Adopted for Use in Iran

The Iranian government is preparing its infrastructure that will see the country adopting bitcoin, according to a high ranking government official.

Speaking with Farsi newspaper Shargh, Amir Hossein Davaee, Iranian deputy minister of information and communication technology, said:

“The ministry of communications and information technology has already conducted a number of research studies as part of efforts to prepare the infrastructure to use bitcoin inside the country.”

A report from the Iran Front Page states that Davaee said that digital infrastructure is part of the soft power of each country and that the addition of bitcoin into Iran will greatly benefit the country’s interests.

“Arrangements are being made with the related organisations to put together the infrastructure as early as possible,” Davaee added.

In January, it was reported that the chief executive of Iran’s Tejrat Bank had stated that the emergence of bitcoin and the blockchain would change how banks operate in the country, according to regional publication Speaking at an expert panel at the time, Mohammad Ibrahim Moqaddam, said that ‘hesitation is not the proper response’ when it comes to embracing digital currencies…

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