Iranian Crypto and Blockchain Association Starts Activities

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The Iran Blockchain and Cryptocurrency Association began to operate under the supervision of the Iranian Chamber of Commerce, Industries, Mines and Agriculture. would be able to remove obstacles faced by crypto companies and use blockchain technology for the benefit of the national economy. “There are a variety of issues related to the development of innovative technology in Iran. Concerted efforts have been made to maximize the benefits of this sector for the economy … We must work closely together to ensure the use of the potential of the technology without monopolizing it, “he said. According to Sharafi, the authorization to set up the company was issued last year by ICCIMA. However, it was delayed for various reasons, including the change of government. Sharafi believes that working under the supervision of ICCIMA offers opportunities to tackle the main challenges of the sector, especially with regard to regulation.

“ICCIMA can help us support the rights of Iranian innovators internationally,” he said, referring to the recent decision of the ConsenSys Academy to remove 50 Iranian students from its online courses in because of unilateral US economic sanctions. According to Coindesk, Iranian students were informed in mid-November, in an email from ConsenSys despite the fact that they had already completed most of their classes. The suspension means that students will not be awarded certificates of completion. “A recent review of our records shows that you have indicated that you are in a country to which we are prohibited from providing goods or services under US law,” the email said. “ConsenSys is committed to building the digital economy of tomorrow and also to complying with US law in all its aspects. This commitment is reflected in our terms of service, ”said Elo Gimenez, Global Public Relations Manager at ConsenSys. The association is the first ICCIMA affiliate dealing with Iran’s blockchain ecosystem. The Iran Blockchain Community was established in 2017 as a non-profit and autonomous body of entrepreneurs, experts, specialists and activists involved in the development of fast growing technology. The Interior Ministry suspended the IBA over reports that it was in violation of its statutes. Rahim Zare, a member of parliament, had accused “national NGOs involved in cryptocurrencies” of transferring foreign currency abroad. He did not provide any evidence. IBA has firmly denied the accusations, saying all of its efforts are focused on promoting blockchain technology. “Inform people and authorities about risky websites and [potential] cases of fraud are one of IBA’s objectives.

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