At that time, the deputy director in charge of drafting regulations for Iran's Supreme Cyberspace Council claimed that the idea of launching a national cryptocurrency is being actively pursued. Iran's Central Bank, the Ministry of Economic Affairs and Finance and Ministry of Industry, Mine and Trade are among the major government organisations which have recognised cryptocurrency mining as a legitimate industry. The Iranian central bank has also issued an order to ban all forms of money laundering in connection with bitcoin transactions. Firoozabadi also said the government is considering launching a national cryptocurrency to help domestic firms do business with foreign investors amid US sanctions.
Iran's Central Bank, the Ministry of Economic Affairs and Finance and Ministry of Industry, Mine and Trade are among the major government organisations which have recognised cryptocurrency mining as a legitimate industry. The Iranian central bank has also issued an order to ban all forms of money laundering in connection with bitcoin transactions. Firoozabadi also said the government is considering launching a national cryptocurrency to help domestic firms do business with foreign investors amid US sanctions.