Iran in preparation for Bitcoin launch

Iran is the next country in line that is preparing to adopt Bitcoin infrastructure, as reported by Iran’s Deputy Minister of Information and Communication Technology, Amir Hossein Davaee.

Iran is known for strict financial regulations, especially when it comes to digital payment options and technological disruption. However, with the enormous spread and popularity of Bitcoin, Iran is now preparing a Bitcoin infrastructure. According to Iran Front Page News, Mr. Davaee said:

“The ministry of communications and information technology has already conducted a number of research studies as part of efforts to prepare the infrastructure to use Bitcoin inside the country.”

The Deputy Minister of Information and Communication Technology said that the two aspects that the integration of Bitcoin requires are both economic and infrastructural. He went on communicating the need of such integration to happen as quickly as possible, since the digital transformation of Iran is the “soft power” of the country, reported the IFP News.

Bitcoin price is now fluctuating around $6,000 with sharp declines and ups for a very short period of time. Although the cryptocurrency split into Bitcoin Cash and Bitcoin Gold just recently, the optimism about Bitcoin and its future seems to be optimistic.

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