The Central Bank announced the conditions for electronic authentication; Is digital currency exchange authentication changing?

The Central Bank of Iran has recently announced the conditions for electronic authentication for banks and financial institutions; But will the new authentication rules in domestic exchange offices also affect digital currency?

According to Arzdigital, the Central Bank has recently published the executive regulations related to the provision of offline services and electronic authentication for banks and credit institutions.

The Central Bank has emphasized that this letter is to explain how to provide basic banking services in absentia (such as opening an account, issuing a bank card, lending, etc.) and applies only to banks and credit institutions; However, it is possible that in the future, new criteria will be considered for the authentication of digital currency exchanges.

The text of this letter is further devoted to explaining the technical and legal details of electronic authentication and the procedures for the in-person identification of persons; Something similar has long been seen in neo-banks as well as digital currency exchanges.

As a number of government agencies, the parliament, as well as the central bank, have been involved in the regulation of domestic digital currency exchanges for some time, they have expressed concern about the lack of clear regulations in this area, if in the future Internal and more stringent, the conditions may be similar to those issued to banks and credit institutions.

You can read the full text of the Central Bank Regulations for Banks and Credit Institutions at this link.