According to this association, the said draft does not have the necessary maturity to become a law and will cause monopoly and migration of businesses
According to the Iran digital economy annotation, The Blockchain Association of Iran, evaluating the draft plan proposed by the parliament for crypto-assets, announced that this document is fundamentally unacceptable. According to them, the proposed plan does not have the necessary maturity to become a law and it causes monopoly.
The Economic Commission of the Parliament has recently prepared a draft with the theme of “organization and development of the asset code”. The text of this plan has also been sent to institutions such as the Judiciary, the Vice-Chancellor of Science and Technology, the Ministry of Information, the Central Bank, the Ministry of Communications, the Revolutionary Guards, the National Center for Cyberspace and Nasr Country for further review. These institutions have been asked to announce their opinions by December 12 so that the approval process of the plan can be followed.
In this regard, the Blockchain Association of Iran, as the only non-governmental organization that operates in the field of blockchain and cryptocurrencies, sent a letter to the Economic Commission of the Parliament and criticized the non-participation in the preparation of this plan and its provisions:
“Blockchain Association is the leader of self-regulation (SRO) in the country, it has always been recognized by various institutions and has been consulted. Currently, nearly 100 legal businesses are active under this regulation and have been introduced to Theta Center by the association. The experience of self-regulation is being implemented in countries such as America, Canada, Switzerland, India, Kazakhstan and Russia.
This association believes that based on the evaluation, the said document is fundamentally unacceptable and does not have the necessary maturity to become a law. In the continuation of the mentioned letter, some of the problems of the draft of the plan for the organization of cryptocurrencies are listed.
According to the Blockchain Association, there are serious economic and security consequences in this document for the country at the national level. Referring to the criminalization in the sixth chapter of this document, they believe that it was done in an unprofessional manner, and this can lead to the migration of the remaining businesses of the expert workforce in the field of extraction, exchange and training.
One of the biggest criticisms of the plan of the Economic Commission of the Parliament is the license-oriented approach. The blockchain community has also mentioned this issue:
“The permission-based approach to cryptocurrencies is an old one in this sector. This sector is dynamically changing and developing every day, and the speed of development is very staggering. Self-regulation is being done in this country with the support of the FATA Faraja Police and the Ministry of Information, and legal businesses are introduced to the Electronic Commerce Development Organization by 3 organizations (Blockchain Association, Fintech and Nasr Organization), and the Blockchain Association is even in the phase It is the primary supervision of businesses.
In another part of this letter, the exclusivity of the cryptocurrency draft plan is mentioned, which can be the basis for the entry of certain businesses: “This document is completely about corruption, rent, and the predetermined selection of certain businesses with the aim of taking over.” market and create a monopoly.”
The association believes that the Economic Commission of the Parliament has completely forgotten the laws of international sanctions and the US Treasury and have taken the rotten license-oriented approach again.
The Blockchain Association emphasizes that any action that leads to the shrinking of the exchange and mining market and direct rent with a license-oriented approach will open the feet of an institution like FDD in America to our country:
“This institution will reward the reporter between 1% and 5% of the financial identification of the companies that obtain the license in case of blocking. Gentlemen, it seems that they do not understand the danger that threatens the economic circle of the country in terms of national security.
In the end, by pointing out that the crypto-asset mining industry is the only part of the crypto-assets field that has approvals and executive instructions at the level of ministries and various organizations, it was criticized that the aforementioned matters were not taken into account in the drafting and writing of the draft of the parliament: “It is a sign of the lack of nobleness of the regulators and proposers of this plan from the regulations and considerations of this industry.”
The blockchain association announced that it will prepare and send its expert opinion to the parliament in collaboration with specialized working groups at the right time.
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