Digital currency exchanges will receive this information soon; No stars and cannot be included on the site

Abbas Ashtiani, the CEO of the Iranian Blockchain Association, recently said that domestic digital currency exchanges will soon receive a type of ID that is unstarred and cannot be posted on the site. He says that this symbol only solves the legal problems of getting an online payment gateway for exchanges and does not mean the government recognizes the transaction of digital currencies.

According to Erzdigital and to quote From Hamshahri, after a long time of discussion and consideration about granting this material to digital currency exchanges, now it seems that the process of granting this material to these businesses is going to start next week.

Apparently, this article that is supposed to be granted to domestic exchanges will be “unstarred and cannot be posted on the site”. After becoming a member of one of the private sector organizations or non-governmental organizations, these businesses must comply with the requirements and standards and then register in the other financial areas of the Electronic Commerce Development Organization. In this way, after expert reviews, the corresponding symbol is granted to them for the activity.

e-icon receipt details

Abbas Ashtiani, the CEO of Iran Blockchain Association, in a conversation with Hamshahri, announced the implementation of this association’s proposal in the coming week and said about its details:

Businesses become members of one of the private sector organizations and are regulated with their initial background and the requirements that are developed, and the private sector organizations monitor these requirements as much as possible.

According to him:

After that, businesses register in the Electronic Commerce Development Organization in the “Other Financial Areas” section, and their files are placed in the organization’s database for review.

CEO of Blockchain Association continues:

With the introduction of one of the organizations, the Inmad database, which is located in the section of other financial areas, will be approved and introduced to Shoprak to grant them the payment gateway with the code of trade 7800. In this way, both the trade union rank of the activists in this area is determined and the Shaperk company has respected the law of the Money Council.

Ashtiani Inmad calls these businesses “without stars and cannot be included on the site”, which only solves the legal problems that previously existed for providing banking services from the country’s banking system.

Last week, Mohammad Mehdi Fatemian, Chairman of the Board of Directors of the Fintech Association, announced the issuance of a special type of material for digital currency exchanges and said that “with this measure, the problems related to receiving the payment gateway, blocking the payment gateway by the judicial system due to the lack of this material and… will be”. Fatemian said that a meeting regarding this type of cryptocurrency exchanges will be held at Central Bank with the presence of union activists and the details will be published.

The importance of this

The CEO of the Blockchain Association considers this a positive and forward step and says:

One of the most important consequences of this is that it reduces the risk of businesses. In other words, businesses that are members of private sector organizations will have much less risk compared to businesses that are not willing to accept this level of regulation. Therefore, to some extent, possible damages are prevented for those who enter this field with bad intentions.

Ashtiani also emphasizes that this issue is important for the government and sovereignty; Because one of the duties of the government is to protect the rights of users and consumers. Therefore, if we consider the same issue for the two layers of people and governance, it will be enough, and naturally, the third layer, which is businesses, will probably welcome this issue.

Avoiding negative interactions

Referring to the previous interview with Hamshahri, the CEO of the Blockchain Association points out that after the private sector organizations provide business membership, the important point is that the final approval or disapproval of businesses is beyond the authority of the private sector organizations. Ashtiani emphasizes that in this way, “the regulator should pay attention to the fact that if an active business is going to be disapproved, its evidence must be documented and based on standards, and also the necessary opportunity should be given to the non-certified business so that the deficiencies are corrected.” fix the issue. In other words, it is necessary to avoid negative interactions.”

He also reminds that this issue is going to be implemented for existing businesses, which of course are not few in number. According to him, “the number of these businesses is about 300 businesses, but Shoprek’s estimates show that between 1,500 and 2,000 portals are related to the services of crypto asset exchange businesses.” For this reason, Ashtiani expresses hope that potential businesses can enjoy the same opportunity to enter the field of competition in the future.

Official exchange?

The CEO of the Blockchain Association also rejects this proposition in response to the question that granting this type of token means recognizing the exchange field and says:

In fact, it can be said that the activities of businesses are being regulated and monitored, which will hopefully lead to increased protection of consumer rights. With this, we are among the countries where the existence of blockchain technology and crypto-assets is recognized.