Secretary of Iran’s High Council of Cyberspace Abolhassan Firouzabadi stated that the agency “welcomes Bitcoin”, if it is harnessed by clearly-stated regulations.

“We [at the HCC] welcome Bitcoin, but we must have regulations for Bitcoin and any other digital currency. Studies are necessary for considering a new currency. Mechanisms of control and supervision over the supply of cryptocurrencies are being implemented through the collaboration of the central bank and related entities, but the people must be aware of their risks and dangers on the demand side,” Financial Tribune quotes Abolhassan Firouzabadi.

According to the Iranian official, even though Iran has yet to devise definitive regulations for Bitcoin and similar currencies, many in the country are dealing with Bitcoin, be it purchasing, selling or mining it.

Abolhassan Firouzabadi told that Iran’s Central Bank has not come to a stable and defined stance on Bitcoin, but is expected to do so soon.

He also added that HCC and the Central bank conducted studies of cryptocurrencies before and intend to continue working in that direction.

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