📄 Unhappy with Iran's cryptocurrency regulation draft, local community sends proposals to central bank

On January 29, the Central Bank of Iran released the first draft of its cryptocurrency regulatory framework which essentially proposed the imposition of a complete ban on cryptocurrency payments in the domestic market. Dissatisfied with the framework, the local community has sent proposals to the central bank this month covering ways to improve the bill and to facilitate the growth of the local cryptocurrency market. “Ultimately, I believe the central bank is Iran’s best bet for regulating cryptocurrencies. If making decisions for this area gets out of the central bank’s hands for any reason, including mistakes on the community’s part, I think the situation could become much more difficult," Saeed Khoshbakht, CEO of Tehran-based Areatak, told Coindesk.