Iran’s Cyberspace Authority Says It Welcomes Bitcoin, If Regulated

Iran’s High Council of Cyberspace (HCC) has said it “welcomes” bitcoin, with caveats.

According to Irani newspaper Financial Tribune, Abolhassan Firouzabadi, secretary of the country’s cyberspace authority, said: “We welcome bitcoin, but we must have regulations for bitcoin and any other digital currency … following the rules is a must.”

Despite no specific regulations for cryptocurrencies in Iran so far, bitcoin is used in the country for payments, trading, mining and various other businesses, he added.

Firouzabadi further warned: […]

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