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Secretary of Iran's Supreme Council of Cyberspace reported that several measures for regulating cryptocurrencies are underway in the government.

Abolhassan Firouzabadi said due to the advent of cryptocurrency-related start-up companies and unofficial activities in cryptocurrencies area, it is essential to supervise cryptocurrencies activity in the country by legislating them. He went on to say that cryptocurrencies are considered as a new technology and because of their function in economic and monetary systems, they should be under supervision precisely. 

The official stated that after cryptocurrencies' review in Iran parliament economic commission's cryptocurrency economic committee, the issue will be reviewed in the government's cabinet for being legislated.

"Due to the importance of cryptocurrencies, Iran's National Center of Cyberspace wants the cryptocurrencies' review in the cabinet to be carried out as fast as possible. It is expected that in the near future the issue will be reviewed and the government announces its comment and issues required decrees to ministries and organizations officially', Firouzabadi said.

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