Iranian Banker: Bitcoin is Changing Banking; Calls for Adoption
The chief executive of Iran’s Tejrat Bank has stated that the emergence of bitcoin and innovations like blockchain technology will have an impact on the way in which banks operate in the country. The executive has also called for laying the groundwork to embrace and welcome bitcoin and Fintech innovations in Iran. Mohammad Ibrahim Moqaddam was speaking at an expert panel regarding digital currencies when making the remarks, according to a report by regional publication Banker.ir. The panel was attended by a number of senior bank executives and industry experts in the country. Here, the....
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Members of the Iranian parliament, the Majlis, have voiced concerns over Tehran’s restrictive policies towards innovations such as cryptocurrencies. Following the release of a study recommending a new approach towards the crypto industry, the lawmakers have called for the adoption of friendlier regulations.
Iranian MPs Urge for Change in Crypto Policies After Research
Some parliamentarians in Iran have set out to change the government’s regulatory attitude towards cryptocurrencies, citing opportunities to use them to improve the nation’s sanctioned and....
The Iranian National Tax Administration (INTA) has put forward a proposal to tax digital asset exchanges operating in the country. The authority calls for the legalization of their activities, fearing restrictions could negatively affect tax collection. Tax Agency Wants to Obtain User Data From Authorized Exchanges Seeing an opportunity to use exchange transactions as a basis for taxation, the INTA has urged regulators in Tehran to legalize crypto trading platforms. In an excerpt from its draft proposal quoted by Iranian media, the tax authority insists: Legalizing crypto exchanges is....
Highlighting the considerable limits of traditional banking systems, a former banker has placed XRP at the top of payment services in the financial sector, predicting that cryptocurrency will disrupt the payments industry. Bold XRP Prediction By Financial Expert In a rather lengthy X (formerly Twitter) post, ex-banker and financial expert, Kyren made a controversial prediction […]
Iran’s association of importers has stressed the need for a stable regulatory framework for cryptocurrencies now that the Iranian government is officially using crypto to pay for imports. “By the end of September, the use of cryptocurrencies and smart contracts will be widespread in foreign trade with target countries,” a government official said. Imports Association: Iran Needs Stable Crypto Regulation Alireza Managhebi, the chairman of Iran’s Importers Group and Representatives of Foreign Companies (Imports Association), voiced concerns about the....
Would you believe it if someone tells you that the most advanced countries in the world are the ones that adopt new technologies sooner than the rest? If you did, then you might be wrong with a few things, especially mobile banking and Bitcoin adoption. Let's take Turkey for example. ING, the Dutch multinational banking and financial services company recently published a report titled "ING International Survey - The rise of mobile banking and the changing face of payments in the digital age" . The survey was conducted by ING along with Ipsos to understand the behavior of its existing and....