Why did the central bank withdraw from the monitoring chain of the gold trading arenas? The supervision of online gold trading platforms entered a new phase with the change in the approach of the monetary policy maker. Following the directive from November 1404, in addition to designing a system for monitoring transactions and preventing short selling, the central bank played a role in the process of issuing licenses and determining the operating hours of these platforms (including opposition to transactions around the clock); An approach that aimed to control the effects of this market on the monetary system. With the change of management of the central bank and the reforms of more than 1405, the role of this institution was limited. According to the new decision, the requirement for approval from the Central Bank for granting or canceling the license of the platforms and determining their hours of operation was removed. The responsibility for monitoring this market was divided between different institutions; So the supervision of sellers of gold objects was assigned to professional associations and supervision of platforms with the obligation to supply gold to the commodity exchange. Also, the designed monitoring system was provided to a working group consisting of executive bodies. These changes are an attempt to separate areas of responsibility according to the nature of the platform's activity, but its success depends on the clarity of the boundaries of authority and the appointment of new trustees. Full text of the channel.

Why did the central bank withdraw from the monitoring chain of the gold trading arenas? The supervision of online gold trading platforms entered a new phase with the change in the approach of the monetary policy maker. Following the directive from November 1404, in addition to designing a system for monitoring transactions and preventing short selling, the central bank played a role in the process of issuing licenses and determining the operating hours of these platforms (including opposition to transactions around the clock); An approach that aimed to control the effects of this market on the monetary system. With the change of management of the central bank and the reforms of more than 1405, the role of this institution was limited. According to the new decision, the requirement for approval from the Central Bank for granting or canceling the license of the platforms and determining their hours of operation was removed. The responsibility for monitoring this market was divided between different institutions; So the supervision of sellers of gold objects was assigned to professional associations and supervision of platforms with the obligation to supply gold to the commodity exchange. Also, the designed monitoring system was provided to a working group consisting of executive bodies. These changes are an attempt to separate areas of responsibility according to the nature of the platform's activity, but its success depends on the clarity of the boundaries of authority and the appointment of new trustees. Full text of the channel.