Iran moves to regulate cryptocurrency market instead of imposing restrictions: Details
Iran is seeking to regulate the cryptocurrency market instead of imposing strict restrictions, according to statements by Economy Minister Abdolnaser Hemmati during a national event.
Hemmati explained that the government aims to benefit from the positive aspects of cryptocurrencies while limiting their negative effects, considering that they fall under the jurisdiction of the Central Bank of Iran.
The new policies, announced by the Central Bank of Iran, aim to facilitate compliance with tax laws and combat money laundering, and support the use of cryptocurrencies to create jobs and confront economic sanctions.
Experts estimate that Iranian investors own between $30 billion and $50 billion in cryptocurrencies, equivalent to a third of the local gold market.
The Iranian announcement coincides with a positive regulatory environment in the United States, where newly elected US President Donald Trump has appointed figures supporting cryptocurrencies to leadership positions, reflecting a global shift towards embracing these digital assets.
