22 December 2017 - 17:45

Iran Parliament Urges CBI's Report on Merits and Demerits of Bitcoin

First secretary of the economic commission of Iran's parliament emphasized the necessity of Central Bank's report concerning pros and cons of Bitcoin to the commission.
News ID : 79366
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Regarding selling and buying Bitcoin,Hassan Hosseini Shahroudi said the development of E-commerce and electronic markets have accelerated in recent years and utilizing information technology in various fields has facilitated services.



'In financial markets, different models are used for development. If diverse models use of information technology are not identified or even created in financial markets, we encounter with serious problems', the official said.



Shahroudi went on to say that there is a specialized workforce in Iran who are unique in information technology field and if we don't use this capacity, it results in the lack of Iran's development, plus not to forget Iran doesn't have a suitable place in E-commerce development.



First secretary of economic commission of parliament stated that traditional approaches of global trade are used in Iran, while one of the pivotal factors of being successful in global trade is E-commerce development. He stressed that Bitcoin is a kind of financial instrument and digital currency for transferring money which is at consumers' service and can alter the aforementioned model.



Hassan Hosseini Shahroudi made the remarks that the advantages and disadvantages of Bitcoin haven't been surveyed comprehensively yet and government economic team, Central Bank, Ministry of Communications and relevant organizations are responsible to have technical research in this issue because of Bitcoin spread in Iran.



He mentioned that Central Bank and related organizations should give their reports about Bitcoin's merits and demerits to the economic commission of parliament and declare their policy about the cryptocurrency very soon.


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