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Iran: Still Waiting for the Blockchain Revolution

Published 2019-02-13, 12:11 p/m
Iran: Still Waiting for the Blockchain Revolution

From Jan. 29 to 30, Tehran hosted the eighth annual conference on Electronic Banking and Payment Systems, which was promoted by the Monetary and Banking Research Institution, the research arm of the Central Bank of Iran (CBI). Among the announced topics under the theme of the “Blockchain Revolution,” it was the unveiling of the Iranian plan for a national digital currency that, as a matter of fact, remained rather vague after it was presented during the conference.

In his inaugural speech, Ali Divandari — the director of the Monetary and Banking Research Institution — stressed that “the realities of blockchain technology should be accepted.” Also, many contributions from Iranian and foreign experts focused on the opportunities that fintech and blockchain could potentially open for the Iranian financial and banking industry.

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