Iranian Blockchain organization supports cryptocurrency regulation, saying the regulation is "inappropriate" in the area.

On November 4, the Iranian Blockchain Association (IBA), an organization of the Iranian cryptocurrency industry, criticized the authorities for their poor performance in regulating cryptocurrencies. The organization has expressed concern over the government's failure to function and is providing support to administrators it deems inappropriate to address this difficult issue. The IBA chief said authorities in Tehran, including the Central Bank of Iran (CBI), were unable to monitor cryptocurrencies. Therefore, the organization called for the creation of an "independence committee" to carry out this task. During this week's press conference, IBA President Abbas Ashtiani said: “In order to develop cryptocurrency policies, we need a task force made up of representatives of You Have the Right to '' establish rules for cryptocurrencies (Bitcoin.com).