As stated in Mojtaba Tavanger’s document, cryptocurrencies and crypto-assets are separate from cryptocurrency and will not be under the supervision of the Central Bank
According to the Iran digital economy annotation, Promulgation of the new law of the central bank and the reference to crypto-currency brought uncertainties for the activists in the field of fintech. Now, following the letter of the Fintech Association, the chairman of the Digital Economy Committee of the Parliament clarified this matter and emphasized that according to this law, the Central Bank is only responsible for regulations in the field of cryptocurrency, and this field is separate from the issue of cryptocurrencies.
Yesterday, the Fintech Association sent a letter to Mojtabi Tavanger, the head of the Parliament’s Digital Economy Committee, asking for the clarification of the word “cryptocurrency” in the new law of the Central Bank. Now Tavanger sent a letter addressed to the chairman of the economic committee of the parliament and clarified about it.
According to him, the parliament’s decision was to entrust only the regulation of cryptocurrencies (as one of the groups of cryptocurrencies) to the Central Bank, which is the monetary-banking regulator in the country: “Therefore, carefully considering the diversity of the nature of cryptocurrencies, all the related rulings Cryptocurrencies were removed from the resolution.”
Tawanger further pointed to the definition of cryptocurrency and wrote that those cryptocurrencies whose basic element is “money” are considered; Because cryptocurrencies or more precisely cryptocurrencies are different types of digital entities that have different natures:
“According to the structure of the country’s legal system, the regulation of each group of them should be the responsibility of the related specialized institution, and the related law requires great care. For this reason, the general plan for the organization and development of crypto-assets, which was approved this week by the Economic Commission, with the aim of paying special attention to this concern, has determined the role of specialized and relevant regulatory bodies in various sectors related to crypto-assets.
He emphasized that the definition of cryptocurrency has clearly determined the scope of regulation of the Central Bank, and the regulation or regulation of cryptocurrencies has not been left to the Central Bank: “The project under review by the commission, the generality of which has been approved, is another proof that our approach is to pay attention to diversity The essences of this type are assets, and granting regulatory authority to an institution will not even be correct in our legislative system.
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