Minister of Industry: This requirement for payment gateways is the decision of the Central Bank and is completely correct

Seyedreza Fatemi Amin, the Minister of Industry, Mining and Trade, has recently said that the requirement of this item for businesses that use internet payment gateways is the decision of the Central Bank and is absolutely correct. This is despite the fact that the activists of the country’s digital economy, including domestic exchanges, had protested this decision of the Central Bank due to the lack of specific legislation in some areas, such as the exchange of digital currencies and the lack of possibility of receiving this material for all businesses.

According to Erzdigital and to quote From Student news agency, Seyed Reza Fatemi Amin, the Minister of Industry, Mining and Trade, said today Wednesday (November 25) on the sidelines of the government delegation meeting:

It is a tool to control money laundering and fraud and is a standard of practice, not a business license. The requirement to have “Inmad” for payment gateways is a requirement of the Central Bank and is completely correct.