Iran Needs to Take Bitcoin Seriously, Says Lawmaker

An Iranian lawmaker is advising the government to actively control the development of the local Bitcoin (BTC) and crypto industry. 

Bitcoin Could be Beneficial for Iran

According to Tasnim News Agency, Mohammad Hossein Farhangi, a member of Iran’s Parliament says the country’s government needs to move forward with developing its emerging crypto market. Speaking on Tuesday, June 4, 2020, Farhangi remarked:

“Take the issue of bitcoin seriously, because if it can be managed, it can be a good opportunity for the country, otherwise it will become a matter for financial and credit institutions.”

For the Iranian lawmaker, it made little sense that the government placed crypto matters under the ambit of the Ministry of Industry and Mines. Instead, Farhangi argued that Bitcoin should be under the aegis of the central bank along with issues concerning digital currencies in general.

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