(Persia Digest) - The head of Tehran Chamber of Commerce has said: “We are currently using limited cryptocurrency in our trade transactions.”

In an interview with Mehr News, Massoud Khansari also asked for the accelerated approval of regulations for the prices of electricity, production, trade, and investment in cryptocurrency.

Persia Digest (PD) reports that the Iranian Minister of Economy announced a few days ago that the government recognizes cryptocurrency and a draft for its regulation will be submitted to the cabinet soon.

According to Farhad Dejpasand, the Central Bank of Iran has been charged with the initial preparations for the production of cryptocurrency within the next three months.

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He had said earlier that it is illegal to use peak electricity to mine cryptocurrency and the average electricity export rate will be used as the basis of pricing the electricity consumed in the digital currency industry.

Those in favour of using cryptocurrency in Iran believe one of the ways to circumvent sanctions and restrictions on bank transactions is to use currency coding. The Iranian government will be finalizing these regulations soon.

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