Salehabadi: The transaction of digital currencies is not recognized by the central bank + video

Ali Salehabadi, the Governor General of the Central Bank of Iran, recently said in a television interview that the exchange and investment in digital currencies is not accepted and recognized by the Central Bank. He also said that according to the law, people who have mined digital currency can use them in the field of import.

According to Erzdigital and to quote Regarding payment, Salehabadi said on Thursday in the first line program of Khabar network focusing on the performance of the central bank in maintaining the value of the national currency and regulating the monetary and currency system regulations regarding investments and exchanges in the cryptocurrency market.

The issue of cryptocurrencies has been raised in the world for several years, but many countries have not yet recognized it, and even some countries, such as China, have banned its transactions and exchanges as an investment tool. In our country, in 2019, the government approved a regulation for those who have mined cryptocurrency with the legal permission of the Ministry of Security and the Ministry of Energy, so that they can sell their assets in a system under the supervision of the Central Bank and use the mined cryptocurrency for import.

He recalled:

Of course, as the central bank has repeatedly announced, buying and selling cryptocurrencies outside the framework for exchange and investment is prohibited and not recognized; Therefore, the current general policy regarding cryptocurrencies is that it is not accepted as an investment instrument, but those who have mined the cryptocurrency can use it for import within the framework of the regulations approved by the Cabinet.

The Governor of the Central Bank continued:

With the cooperation of the Ministry of Security, the possibility of importing goods has been provided for those who had received a license to mine cryptocurrency, and the regulations for this work have also been determined and will be announced soon in the next week.

Referring to the high fluctuations in the price of cryptocurrencies, he also warned:

In the meantime, many people in this market suffer investment risk and losses; Because the volatility of cryptocurrencies is very high. For example, Bitcoin went up to 60, 70 thousand dollars and its price has now reached about 23 thousand dollars. So this market has high volatility that people should be careful.

The Governor of the Central Bank also explained about Rial Rial:

The digital rial or crypto-rial is completely different from the world’s cryptocurrencies, and instead of moving the rial banknote, people can use the digital rial or the digital rial, that is, the digital rial replaces the rial banknote. The work has been done and according to the promise we have made, this work will be operational in Shahrivar month, God willing.

Salehabadi continued:

Countries in the world have done this; One of these countries is China, where 250 million people of this country are currently using digital yuan. We have also provided the infrastructure for this in the country. In fact, the digital Rial is a Rial issued by the Central Bank, just like the Rial banknote issued by the Central Bank. Of course, there is a need for training in this field, which will be done, God willing.