Up to 12 million Iranians have cryptocurrency, retailers choose local stock exchanges - Exchanges
Up to 12 million Iranians have cryptocurrency, retailers choose local stock exchanges - Exchanges
cryptocurrencies are a popular investment among Iranians and estimates indicate that the number of those who already own can be up to 12 million. The majority of Iranian dealers prefer the services of local crypto exchanges, the managing director claims one of them.
Iranians are said to transfer $ 180 million in Crypto Daily
Despite the lack of suitable rules for most of the crypto room and the government's attitude to this topic, a growing number of Iranians have invested in decentralized digital money in recent months and years. "An estimated seven to 12 million Iranians have cryptocurrencies," says Hamed Mirzaei, CEO of Bitestan, one of the country's crypto exchanges.
"The Iranians' daily crypto transactions are estimated at 30 to 50 trillion rial ($ 181 million), while trading in cryptocurrencies is not regulated", Mirzaei recently quoted by magazine Peyvast. According to a report by the English -speaking Economic Portal Financial Tribune, the executive also pointed out:
More than 88 % of the deals are handled via local stock market platforms.
This amount, according to Mirzaei, is higher than the sum of all capital market transactions in the Islamic Republic. "An estimated seven to 12 million Iranians have cryptocurrencies," the blockchain entrepreneur also revealed Iranian media.
Mirzaeis Comment comes after Iranian officials made concerns about crypto-assets at the beginning of this year that attract the capital of traditional markets. At the beginning of May Digital Coin Trade platforms was accused of using the volatility of the stock market, where business had decreased significantly since last summer. At that time the central bank of Iran ( cbi ) advised to avoid and warn you that these investments are made at your own risk.
Later this month the leadership of the parliament Asked the national tax administration, for the owners of the Iranian To profile cryptocurrency exchanges and report it. The Majlis spokesman, Mohammad Baqer Qalibaf, explained that a ban on the crypto trade was not sufficient and asked the CBI to develop precise regulations for the sector. In July, members of the Islamic advisory assembly Foreign market.
Restrictions of the crypto handle would take Iran chances, Iranian fintech companies warned to express their rejection of the government's attempts this year, to contain the operation of crypto exchanges. In April the CBI Authorizes domestic banks and money changers Use to pay imports, but the authorities went after coin trade. The startups insisted that the crypto trade is not illegal and asked legislators and regulatory authorities to issue rules that enable the sanctioned country to continue to benefit from decentralized money transfers.
Do you believe that the Iranian authorities will change their attitude to exchange cryptocurrency and investments? Share your expectations in the comment area below.
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