Iran's Finance Minister: 'Shifting Stance on Virtual Assets... Focusing on Regulation Over Restriction'

Suehyeon Lee

Summary

Iran has stated that it is focusing on regulating virtual assets rather than completely restricting them.
Emphasizing the authority of the Iranian Central Bank, the potential of virtual assets was highlighted.
Iran's move is interpreted as an attempt to leverage the benefits of virtual assets in line with global financial trends.

Iran's stance on virtual assets (cryptocurrencies) appears to be changing.

On the 9th (local time), according to Bitcoin.com, Iran's Finance Minister Abdolnaser Hemmati stated, "We are changing our stance on virtual assets. We are focusing on regulation rather than completely restricting them."

He also emphasized "the authority of the Iranian Central Bank in managing virtual assets and sees the potential of virtual assets in promoting youth employment, increasing assets, and offsetting sanctions." This shift in stance is interpreted as Iran's move to leverage the benefits of virtual assets in line with global financial trends.