Recent hearings indicate the preparation of a document on the policies and obligations of the Central Bank’s cryptocurrency development and the organization of cryptocurrencies by the National Cyberspace Center. It is said that this document has been compiled with the aim of properly managing the risks associated with digital currencies, using the benefits of national digital currencies and providing the necessary infrastructure for the operation of these currencies.
According to digital currency and to Quoted According to this document, cryptocurrencies are recognized as one of the new phenomena in the field of digital economy. And the identification of interlocutors, developed and in various forms, including the investment platform or payment instrument, in some parts of financial exchanges has led to an increase in public interest and increased market share of this type of asset along with other accepted instruments and assets.
We have also heard that some of these policies refer to cheap and available energy sources, which has led to high growth in mining. Thus, this growing growth has raised concerns about the lack of policies and oversight needed to protect people’s rights and protect businesses. Therefore, the need for careful planning to lay the groundwork for mining management in the community has been considered.
Communication of the document in order to manage the risks of Ramzarz
In another part of this document, it is stated that according to the current situation and with the aim of proper management of risks related to cryptocurrencies and also using the benefits of Central Bank cryptocurrency, proper rail infrastructure, protection of people’s rights, development of digital economy and provision of national resources in this regard. Has been.
In the continuation of this document, the secrets and passwords of the Central Bank are also clearly defined. According to this definition, cryptocurrencies are all cryptocurrencies that have been published and distributed in the world with or without specific support. The central bank code is also defined, which is published using central bank technology distributed by central banks and the value parity ratio, mechanisms and instruments of transfer and its support are determined by central banks.
It is said that in the other part of this document, the cryptocurrency exchange market is also defined. Accordingly, all transfers of cryptocurrencies that are done through cryptocurrency exchange platforms and online trading systems; It means the cryptocurrency exchange market.
The document, which appears to have been developed by the National Cyberspace Center, also addresses general policies. Preserving the value and function of the national currency and the current currency of the country is the first general policy of this document. Also, protecting the country’s economy against external turmoil related to cryptocurrencies is another general policy.
Organizing the cryptocurrency exchange market without formalizing it in the country’s licensing system and with the aim of reducing the negative consequences is also in the order of this document. The use of a regulatory test environment (sandbox) for licensing of assets and the gradual expansion of the issuance of the “Central Bank Money Code” is also considered in this document. Controlled protection of the world cryptocurrency mining industry, prohibition of the use of cryptocurrencies as a means of payment within the country and also prohibition of the use of cryptocurrencies as a binding tool in legal documents are other major policies mentioned in this document.
Cooperation of institutions and organizations in line with the cryptographic policies of the country
Accordingly, the Central Bank is responsible for publishing the Central Bank’s password; The Ministry of Economy and Finance has also been designated as a partner body. The Central Bank will also plan to release cryptocurrencies shared with other countries, accompanied by the Ministry of Foreign Affairs, the Ministry of Economic Affairs and Finance, and the Center for Strategic Studies of the President of the Central Bank.
The Central Bank will also set up a working group to organize the cryptocurrency exchange market, and this project will be carried out in cooperation with the Ministry of Intelligence, the Attorney General’s Office of the Ministry of Silence (E-Commerce Development Center), the EFTA Strategic Management Center and the FATA Police. The Ministry of Silence has also been introduced as the body in charge of forming the working group to improve the licensing processes and develop national cooperation in this field. The Ministry of Energy, the Ministry of Petroleum, the Ministry of Communications and Information Technology, the Ministry of Economic Affairs and Finance, the Central Bank, the National Organization for Standardization and the country’s computer trade union system have been introduced as collaborating agencies in this field.
The Ministry of Economy and Finance, as the executive body in cooperation with the Central Bank, will also plan to effectively conduct activities related to the issuance of asset cryptocurrencies through the stock market and insurance regulatory test environment. The media headquarters of the National Cyberspace Center, in collaboration with the Ministry of Culture and Islamic Guidance, the Radio, the Central Bank, and the FATA Police, are responsible for providing extensive information and raising public awareness and warning about the dangers of cryptocurrencies.
Determining the standards and security mechanisms required for the infrastructure and systems used in the cryptocurrency exchange market, determining the requirements related to recording and maintaining information, formulating cooperation requirements in the event of an accident with the central executive management of EFTA strategic management and EFTA strategic management center, FATA police and The skilled center will be followed up.
The Vice President for Science and Technology has been appointed as the executive body for supporting knowledge-based ideas and accepted in regulatory examination environments (insurance, stock exchange, central bank) in cooperation with the Ministry of Economic Affairs and Finance, Central Bank, Central Insurance and the Exchange and Securities Organization.
According to this document, the executive bodies having a role in this document must prepare their plans and fulfill their duties immediately after receiving the notification. All agencies are also required to submit a monthly performance report and must submit this report to the Central Bank. The Central Bank will also submit a monthly progress report to the National Cyberspace Center.