اخبار ایران

It is not possible to solve the stock market problem by banning digital currencies


Shapark’s issuance of an order to block payment gateways to payments, which also referred to businesses involved in the sale and purchase of digital currencies, has been heavily criticized by digital currency activists.

According to digital currency reports and quotes سیارنیوز, The central bank bans and restricting the field of cryptocurrencies under various pretexts have caused suspicion among the people and activists in this field. One of the speculations about the government’s repeated bans on digital currency is the popularity of people after failing in the stock market and turning to parallel markets.

The secretary of the Iranian Association of New Financial Technologies (Finatech) strongly criticizes the blocking of subsidies:

Just as our cultural problem could not be solved by banning video and satellite, so the stock market problem will not be solved by banning cryptocurrencies.

Mostafa Naghipour believes:

The problem of the stock market is elsewhere and the government management of the stock market is its main problem. It is clear that the stock market is owned by the government. The government used the stock market to finance itself this year. High realities and market management by the government After a while, the facts became clear. After the government’s goal of encouraging people to go public, the bubble of many stocks suddenly burst. People left the stock market due to defeat and heavy losses.

Causes of people flocking to the field of digital currencies

The digital currency activist, referring to the popularity of the cryptocurrency space and the rise in the price of bitcoin in the past few months, says:

Movements by people like Elon Musk in support of Bitcoin have increased day by day all over the world. The price of bitcoin and many cryptocurrencies has risen globally. One of our speculations is that the government is trying to block the movement of this parallel market. Of course, this will not help the stock market.

Naghipour believes:

New technologies in every country cause its growth and development. When governments hinder the advancement of new technologies, they deepen their backwardness. They make people consume that technology and technology. They will be deprived of the valuable jobs that will be created in that area. Experts in the field are forced to emigrate. They do the same job creation in other countries. Unfortunately, most of our good programmers are in Turkey.

He added:

They operate in European countries, Scandinavia, the United States and Canada. Now this wrong decision of the central bank, in addition to directly endangering the jobs created in this area, also makes many people unemployed. On the other hand, people who can be productive and invest in this area. That is, elite entrepreneurs leave the realm of cryptocurrencies.

Mismanagement of government and escape of cryptocurrency experts

This is a serious threat to the field of digital currency and this new technology in the country. The secretary of the Iranian Association of New Financial Technologies (Finatech) says in this regard:

Sudden decisions without the expertise of the government and the central bank will have a negative impact on the future of employment. As in previous years, we have witnessed such overnight and non-specialized decisions. Unfortunately, we have a severe shortage of experts in most areas of the economy. On the other hand, we are witnessing an increasing unemployment of educated and specialized people in various fields of work.

According to Naghipour, the paradox stems from the fact that investors, professionals, entrepreneurs and professionals with such government restrictions are forced to emigrate and leave the country. Because the surrounding countries, including Turkey, the UAE and Azerbaijan, support the programmers by creating these people and creating special conditions. These decisions put technology jobs as well as future jobs in the field at serious risk.

He believes that added value and investment will be easily created in the surrounding countries and we will fall even further behind our neighboring countries. According to him, in the last 40 years, the country’s economy was managed in the worst possible way, and looking at the country’s economic growth in the last 5 or 6 years, the situation is very deplorable.

In this regard, Naghipour added that poor government management and insignificance to people’s livelihoods, regardless of entrepreneurship, even against entrepreneurship, have caused negative economic growth in the country, and we do not have a major share of the world’s cryptocurrencies.

He also added:

With the enthusiasm of the people and experts and their entry into the field of cryptography, it is possible that we can have a say in this field in the future. Unfortunately, the government sabotages the work of the people in the specialized field of the people under various pretexts.

Is the stock market scandal the fault of the cryptocurrencies or the recklessness of the government?

According to Naghipour, it is a mistake to think that cryptocurrencies caused people to leave the stock market, and such a catastrophe would not have occurred if proper management had been done in the field of economics and the stock market.

He said about this:

Many companies had found real value, and if the stock market was managed properly, people would not be harmed. Unfortunately, the government only looks at each area as a tool and its only tactic is to control the situation and limit it. In the stock market, by mismanaging and bursting bubbles, they blamed the wrong situation on the cryptocurrencies and parallel markets of the stock market.

Naghipour added at the end:

On the other hand, Ramzarz has grown very seriously in the world. Restricting people in this area makes us have no place in this area in the future. Therefore, the question that arises here is whether it is the fault of the cryptocurrencies or of poor management? If the ministries do the right thing in this area, Ramzarz can no longer be blamed. When the value of people’s assets is falling day by day due to the mismanagement of the government, it is natural for people to invade the realm of cryptocurrencies. By invading this area, people want to keep their property to a minimum and live a more dignified life.

.

Leave a Reply

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

Back to top button