MPs’ reaction to the limitations of Iran’s digital currency space: Do not destroy opportunities with unprincipled actions

In recent days, a number of MPs, from various commissions and committees, have reacted to the existing restrictions for businesses active in Iran’s digital currency space and have demanded the adoption of principled and expert decisions in this field. Criticizing the restrictions related to rial deposits in domestic digital currency exchanges and also asking the government to fulfill its promises regarding the legislation of this space are the focus of the talks of 4 MPs.

The beginning of this process was the speech of Mohammad Reza Pourabrahimi, the chairman of the economic commission of the parliament, on November 22 an interview He criticized the central bank’s approach to this field with Farda Ekhonat.

Purabrahimi said about this:

The country cannot be kept silent in the field of cryptocurrencies, and this field must be used to remove sanctions. It is the mistake of the central bank to define a path in the cryptocurrencies roadmap that negates the issue of cryptocurrencies. We did not limit the government, and the government can determine appropriate executive regulations for cryptocurrencies under existing laws.

He also expressed hope that in case of an agreement with the government, they will legalize the issue of cryptocurrencies before the end of the 11th session of the parliament. It should be mentioned that the central bank had previously mentioned the policy of not promoting digital currencies in the drafting of its policy document in the field of fintech.

Jafar Qadri, a member of the Parliament’s Program and Budget Commission, was another representative who entered into this issue. he in interview On November 23, he told Tasnim news agency:

The importance of cryptocurrencies in the country has been confirmed for the parliament; There are very valuable capacities in this field that should definitely be used properly. The Parliament’s view of financial technologies and cryptocurrencies is a forward-looking view, and we cannot have clumsy and unprofessional behavior in an area that has received the attention of most governments around the world.

Criticizing the central bank for imposing restrictions such as the Riyal transaction limit, this member of parliament says:

Unfortunately, we are witnessing the emergence of concerns in areas such as restrictions on the amount of transactions of cryptocurrency users. Unfortunately, these events will have consequences and any kind of decision that causes national data and information to be pushed abroad and endangers national security in the long run will be strictly followed up in the parliament, commissions and special committees.

Qadri also said that the government should submit the bill related to the legislation of digital currencies to the parliament as soon as possible, and it is not true that the legal gap will harm users and businesses in this area.

Mustafa Taheri, the vice-chairman of the Parliament’s Industries and Mines Commission, the same day a conversation He had an interview with Brena news agency, in which he expressed his opposition to unprofessional decisions in the field of digital currencies.

Taheri says:

Negative views and the creation of restrictions by some institutions against users of cryptocurrencies in the conditions of economic war is a kind of clumsy self-harm; The field of blockchain and cryptocurrencies is now the edge of technology, the lack of special attention to which causes our country to lag behind the UAE, Saudi Arabia, Turkey, etc.

The Vice-Chairman of the Industries and Mines Commission of the Islamic Council also said:

The parliament is prepared to legislate in this field with the presence and expert opinions of all the main players of the Iranian cryptocurrency community, instead of imposing unprofessional restrictions on the part of government institutions. We expect the respected government to send the cryptocurrency bill to the parliament as soon as possible for review and approval, as promised by the legal vice president, but unfortunately this promise has not been fulfilled so far and both people and businesses will be the main losers in the legal vacuum. .

The last representative to address this issue directly reaction Rahim Zare is the representative of Abadeh and the head of the resistance economy committee. Like other representatives, he also criticized the imposition of 25 million tomans limit for depositing to domestic digital currency exchanges and considered this action unprofessional.

The farmer said:

The main issue in areas like cryptocurrencies is to use the capacities that exist for the country, people and businesses, and we should not allow the application of unprincipled restrictions to affect these capacities. Cryptocurrencies can be our winning factor in the digital economy.

He also said that people and experts have the right to be concerned about the development of activities related to cryptocurrencies in other countries of the region, and it is the responsibility of the government to pay special attention to this area so as not to fall behind in the competition in the economic war.