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Soheil Nikzad, a member of the board of directors of the Bockchain Association addressed the challenges ahead of banking industry with the emergence of Blockchian technology.
Iran's Minister of Information and Communications Technology (ICT), Mohammad Javad Azari Jahromi, said the final decision on using Blockchain technology will be made in the next meeting of the government's economic commission.
The Governor of the Central Bank, pointed out that direct withdrawal has already been operational in most banks, announced: “The Cryptocurrency policy will be finalized by the Central Bank.”
"In addition to domestic investors, three foreign investors are interested in cooperating and financing investments in Iranian Cryptocurrency startups." said Director General of Innovation and Investment Support Office at the Ministry of Communications and Information Technology.
The lecture program and the panels of the 8th e-banking and payment systems conference was launched.
The Director of Payment Systems department at the Central Bank announced the bank's plan to enforce authentication on mobile transactions in the near future.
The Secretary General of the Central Bank said the studies and analysis on Blockchain technology have been completed and defined regulations are being finalized.
The Deputy Minister of Communications and Information Technology said that the expansion of Fintechs and the provision of various financial services from them led to a high volume of transaction that indicates Fintechs importance in the payment system.
The Director General of the Payment Systems Department of the Central Bank announced the bank's serious plan for the change in the payment industry, saying: "Other banks and PSPs cannot meet all the needs of this department."
The director of the Monetary and Banking Research Institute emphasized the need for regulation for the country's Cryptocurrencies.
The secretary of the 8th Annual Conference on Electronic Banking and Payment Systems announced that the conference will be held on the 29th and 30th of January in the Milad Tower of Tehran by the Monetary and Banking Research Institute of the Central Bank.
Director of the Electronic Banking Department at the Monetary and Banking Research Institute said: The provision of open banking services in the country is based on bank cards, in order to comply with PSD2 standards, should move towards the bank account in the provision of IPAs.
Managing Director of Beh Pardakht Mellat said: Fintechs as actors and new businesses can play a very important role in the realization of open banking and can accelerate the move towards open banking.
An expert in the field of payments said: The coordination and implementation of financial solutions based on Blockchain technology could increase financial participation and growth in global capital markets.
The Central Bank's vice governor of IT technology said “I think that by the end of the year, the central bank's policies on the currency of the currencies will be announced.”
A payment field expert said: Getting rid of the free transaction cycle and free services is a prerequisite for the development of Fintech businesses in the country. Until this happens, we will not see a major boom in this area.
The Secretary General of the Central Bank announced the focused studies of the bank for the use of Blockchain technology.