Central Bank of Iran (CBI) Governor Abdolnasser Hemmati says the bank is considering various options on how it can issue an official digital currency amid a global race to modernize payments systems and reduce the risks related to privately issued�cryptocurrencies.

Hemmati said on his Instagram page on Sunday�that experts at the CBI were working on laws and regulations needed to issue a digital currency in the country.

He said the bank had already compiled a draft of �Iran�s Comprehensive Document on Cryptocurrency�.
�Studying this new international trend and concentrating on various models, the CBI is searching for the best possible strategy in this field,� said the chief banker.
Central banks around the world have been involved in efforts to issue digital currencies amid a surge in demand and popularity for cryptocurrencies in recent years.