In an interview with Tasnim, the former CBI MP for Modern Technologies explained the nature and function of cryptocurrencies, especially Bitcoin.
With years of experience and research on digital assets intended to serve as a trading medium, Nasser Hakimi said the Iranian government should enact definitive regulations on cryptocurrencies, otherwise a financial disaster like the recent one on the stock exchange would be likely.
He also urged people to exercise caution when buying Bitcoin unless the market is clearly regulated, and warned Bitcoiner of the legal risks of trading the digital currency and the significant price fluctuations.
The value of a single Bitcoin topped $ 58,000 for the first time in mid-February. Some big companies like MasterCard have announced they will be adding a cryptocurrency to their network, and Tesla bought $ 1.5 billion in Bitcoin earlier this year.
The bull market of the new phenomenon last year encouraged many people around the world, including Iran, to invest in this field.
However, many financial gatekeepers are now voicing concerns about the future of cryptocurrency and the risks involved.
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