Government plan to grow the digital economy

In order to grow the digital economy in the 7th development plan, the government has set tasks for various devices. For example, the Ministry of Communications has been required to compile the “National Document for the Development of the Country’s Digital Economy”. Also, banks and the stock exchange organization have been required to accept intangible assets, including digital assets, for validation, collateral and guarantee processes.

In the seventh development plan, in order to increase the productivity of all production factors, increase the acceleration of progress and scientific and technological innovation in the fields of information and communication, tasks have been determined for various devices and institutions; Tasks that emphasize the development of the ecosystem and the inclusive growth of the digital economy in the country so that its share in the country’s gross domestic product reaches at least 10 percent by the end of the seventh development plan.

Based on this, banks, financial and credit institutions, financial funds, and the stock market organization have been required to accept intangible assets that can be exchanged in the market, including digital assets, in the validation, collateral, guarantee, and underwriting processes.

The regulations related to this paragraph must be prepared by the Ministry of Economic Affairs and Finance and the cooperation of relevant institutions and approved by the Board of Ministers no later than 6 months after the promulgation of this law.

Digital economy

Legal entities are also allowed to identify the equivalent value of their intangible assets based on the report of intangible asset valuation companies or the official judicial expert, in their offices and assign the equivalent to the capital increase account. The Securities and Exchange Organization is allowed to use the audited financial statements of these companies as a criterion. The President’s Deputy for Science, Technology and Knowledge-Based Economy is also obliged to compile and approve the Cabinet of Ministers within three months after the notification of the said plan, with the cooperation of the Ministry of Economy and the Central Bank.

It should be noted that the type of digital assets is not specifically mentioned in this bill; But it seems that considering that the government is determined to regulate the field of digital currencies, cryptocurrencies should be considered among these types of assets.

Compilation of the national document for the development of the country’s digital economy

The government has mandated the Ministry of Communications and Information Technology to, with the participation of the country’s program and budget organization and the cooperation of the Ministry of Economic Affairs and Finance and the President’s Scientific Deputy for Technology and Knowledge-Based Economy, issue the national document “Development of the country’s digital economy” within 6 months from the date of notification. This law should be drafted and approved by the Cabinet of Ministers.

Of course, in writing this document, the provisions contained in the “Strategic Document of the Islamic Republic of Iran in Cyberspace” approved by the Supreme Council of Cyberspace should be taken into account.

Also, executive bodies and licensed platforms have been required to provide digital businesses with access to their data and information while maintaining security and privacy. The purpose of this is to provide and facilitate data-based innovations in services and products, which must be done in compliance with the National Data and Information Management Law.

It should be noted that the tariff for providing information will also be approved by the Commission for Regulation of Communication Regulations.

Another task of the Ministry of Communications for the development of the digital economy in the country is to partner and invest with private or non-governmental sectors to provide the necessary infrastructure for the development of the digital economy, including communication and information (cloud) and storage and fast processing.

Also, in order to provide skilled and expert human resources necessary for the development of the digital economy in the country, several ministries and organizations have been obliged to develop the national program for the development of digital skills in the country, including the creation of new academic fields and courses and revision of the existing academic fields and skill courses at all levels. and implement after the approval of the Cabinet.

Although the government is concerned about increasing the share of the digital economy in this bill, experts believe that this is not possible with filtering and lack of communication with other countries in line with sanctions.

On the other hand, the concern of providing skilled manpower considering the conditions of the country and the great desire to migrate, is a root issue that perhaps only changing the title of courses and skill courses is not enough to solve this concern.

The seventh development plan is the fourth section of the country’s 20-year vision document and the first plan in line with the realization of the declaration of the second step of the Islamic Revolution. This bill was prepared for the year 1402 to 1406 and must be approved by the parliament members.

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