اخبار ایران

Chairman of the Exchange Organization: The cryptocurrencies enter the stock exchange with the action of the Central Bank


Mohammad Ali Dehghan Dehnavi, the head of the Iranian Stock Exchange Organization, stated in a recent interview that with the legalization of the currency by the Central Bank, the currency codes will be entered into the stock exchange. In another part of his speech, he said that the legal capacity of the currency code in the country is only in the extraction stage.

According to digital currency and to Quoted Mr. Mohammad Ali Dehghan Dehnavi, a correspondent of the Radio and Television Agency, added about the possibility of legalizing cryptocurrency transactions on the stock exchange:

Currency cryptocurrencies now have no place in the capital market, but if one day the central bank creates a legal environment for them, then we will take measures to instrumentalize cryptocurrencies.

Dehghan Dehnavi, in response to a question that “until a few years ago, there was talk of the possibility of conducting cryptocurrency transactions in the commodity exchange, is it now possible to enter digital currencies or cryptocurrencies in the commodity exchange or not?”

This action has never been on the agenda of the stock exchange organization.

Noting that cryptocurrencies use blockchain technology or other technologies, he added:

This technology can be used in many other markets and we have no barriers to using this technology.

Dehghan Dehnavi, stating that due to the use of cryptocurrencies, currency is actually a kind of talk about money, so it is necessary to specify regulations for it in the country, said:

The legal capacity of the currency code in the country is only in the extraction stage, the currency code is a kind of product that is in the possession of the Ministry of Industry and allows some people to extract it, the currency code activity is legal up to this point and we have no problem with it.

The head of the Stock Exchange and Securities Organization, noting that the regulation of the currency code that is extracted and placed in the hands of the people is the responsibility of the Central Bank, said:

The bank has not yet issued any instructions regarding the currency code and has not recognized it.

He added:

Currency that is not recognized in the country and the central bank has not specified rules and regulations for it, can not find a place in the capital market.

He added:

Currency that is not recognized in the country and the central bank has not specified rules and regulations for it, can not find a place in the capital market.

The farmer Dehnavi said:

If one day the central bank addresses the issue of cryptocurrencies and creates a legal environment for it, then we will take measures to instrument cryptocurrencies, but this does not necessarily mean that we welcome cryptocurrency transactions in the capital market.

The head of the Exchange and Securities Organization, noting that the nature of the currency code is known in the world and does not have specific rules, said:

Sometimes there is a high risk of falling for it and it has lost some people.

He compared investment in the capital market and the cryptocurrency and said:

The fall of individuals’ shares in the capital market does not damage the individual partnership in that company, the number of individual shares in that company remains constant and the losses incurred in the future will be compensated, but in the currency code, if prices fall, there is no objectivity. What one wants to claim about it, the existence of risks in the currency code has alerted the stock exchange organization.

The head of the Stock Exchange and Securities Organization further referred to the amount of foreign investors in the capital market and said:

We now see a number of foreign investors in the market, and there are several thousand foreign exchange trading codes operating in the stock market and commodity exchanges, which accounted for a good volume of transactions, but we still have a long way to go to make it clear that Iran Stock Exchange is international or has an international activity.

He added:

If the restrictions on foreign trade are lifted, the space will be open for foreign investors to enter. Also, if the foreign economy is stable, the foreign investor will enter the Iranian capital market with more confidence.

Dehghan Dehnavi pointed to the latest measures taken to launch the Kish International Stock Exchange and said:

We now have four stock exchanges in the country, if we are looking to create a new stock exchange, international activity must be clear.

The head of the Stock Exchange and Securities Organization noted:

Foreign partners must be present from the beginning in order for international transactions to take place there, and if the requirements are met, the establishment of a stock exchange in Kish will be granted.

.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button