In an open letter to the President, the Fintech Association has strongly criticized the central bank’s recent ultimatum for signing a commitment and providing information from Ramazar currency exchanges and warned that such an approach could cause irreparable damage to the country’s digital economy.
As reported in previous news reports, the central bank issued a statement to the Ramarazi currency exchanges until May 5; Otherwise, they will be dealt with in accordance with Articles 1 and 2 of the Central Bank Act.
Now, in response to this issue, the Fintech Association has called the commitment to be contrary to the law and urged the president to enter the matter.


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The letter states that the central bank’s “encryption” and “encryption” alignment contradicts not only the global and jurisprudential definitions, but even with the vision of the Supreme Council of Cyberspace.
It has also been noted that the President’s letter, which has introduced the central bank as the exclusive authority of the Ramsar market, has reinforced this wrong approach.
The Fintech Association further emphasized that if the illegal cases are eliminated from the commitment, the currency exchanges have no problem signing it. However, the request has been overlooked so far.
In the end, the association has warned that imposing such policies will lead to violations of laws, weakening internal platforms, distrust of users and expanding underground activities.
RCO NEWS