Central Bank of Iran Plans Comprehensive Review of Cryptocurrency Policy

The Central Bank of Iran plans to conduct a comprehensive review of its policies covering Bitcoin and other cryptocurrencies. The move was made after the government-owned central bank has announced that it is softening its stance on the virtual currencies.

In a press conference in mid-November 2017, Central Bank of Iran Deputy Director of New Technologies, Naser Hakimi, announced that the central bank is studying Bitcoin and planning to examine its policies about digital currencies. He, however, issued a warning to investors about the “uncertainty” and “risk” that they could face in the cryptocurrency market.

“Given that Bitcoin and other currencies have not been introduced by the central bank as the official currency, as well as the risk of buying it and the activity of traders in this field, more precautions are coming into the market because of the possibility of malice.”

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