New Bid to Regulate the Crypto Industry

The Majlis Economic Commission and the government are collaborating to prepare a comprehensive plan for regulating cryptocurrencies, Mohammad Reza Pourebrahimi, the head of the commission, said.

"The commission started working on the issue in the past.  However, the former [Rouhani] administration preferred not to get involved," ISNA quoted him as saying.

Pourebrahimi said the commission had then prepared a draft outlining plans for regulating cryptocurrencies and cryptoassets. "The plan did not move forward largely due to the government's lack of interest."