Iran Unveils New Cryptocurrency Regulations to Boost Economic Growth
09.12.2024 14:00 1 min. read Alexander Stefanov
Iran's Central Bank has unveiled a new regulatory framework for the cryptocurrency sector, positioning itself as the primary authority overseeing the industry.
This policy allows the bank to license crypto brokers and custodians, with a focus on ensuring compliance with anti-money laundering (AML), tax, and counter-terrorism financing (CTF) laws. The framework also aims to support economic growth by leveraging cryptocurrencies for job creation and bypassing sanctions.
CBI governor Mohammadreza Farzin and Minister of Economic Affairs Abdolnasser Hemmati have emphasized managing the risks of crypto rather than imposing restrictive measures.
Iran sees cryptocurrencies as a solution to economic challenges, using them to circumvent international sanctions.
Crypto mining, legalized in 2019 and briefly suspended in 2021, resumed in 2022, marking a shift towards integrating digital assets into the economy.
This new framework extends the central bank’s control beyond mining to include broader cryptocurrency activities.
-
1
SEC’s Crypto Task Force to Host Four Key Roundtables
27.03.2025 11:28 1 min. read -
2
California Moves to Protect Bitcoin Investors with New Digital Asset Bill
01.04.2025 12:00 2 min. read -
3
FDIC Shifts Crypto Policy Under Trump Administration, Easing Bank Restrictions
29.03.2025 10:00 2 min. read -
4
China Strengthens Crypto Monitoring as Traders Bypass Restrictions
29.03.2025 15:16 1 min. read -
5
CFTC Eases Crypto Derivatives Regulations, Aligning Digital Assets with Traditional Finance
31.03.2025 9:00 2 min. read
U.S. Dollar at Risk? New York AG Urges Congress to Rein in Crypto
Concerns over the unchecked rise of cryptocurrencies have prompted New York Attorney General Letitia James to call on Congress for immediate intervention.
Trump Strikes Down IRS DeFi Rule in Bold Move to Embrace Crypto
President Donald Trump has officially reversed a controversial IRS rule that sought to apply traditional tax reporting requirements to decentralized cryptocurrency platforms.
SEC’s Crypto Task Force to Hold Key Meeting with Industry Leaders
After the departure of Gary Gensler from his role as SEC Chairman, the regulatory agency has taken a noticeably more lenient approach toward the cryptocurrency sector.
Hong Kong Embraces Crypto Staking with New Regulatory Framework
Hong Kong has taken a bold step towards strengthening its position as a global digital asset hub by introducing regulations that allow licensed crypto exchanges to offer staking services.
-
1
SEC’s Crypto Task Force to Host Four Key Roundtables
27.03.2025 11:28 1 min. read -
2
California Moves to Protect Bitcoin Investors with New Digital Asset Bill
01.04.2025 12:00 2 min. read -
3
FDIC Shifts Crypto Policy Under Trump Administration, Easing Bank Restrictions
29.03.2025 10:00 2 min. read -
4
China Strengthens Crypto Monitoring as Traders Bypass Restrictions
29.03.2025 15:16 1 min. read -
5
CFTC Eases Crypto Derivatives Regulations, Aligning Digital Assets with Traditional Finance
31.03.2025 9:00 2 min. read
