Iran approves regulatory framework for cryptocurrencies
Iran is taking a unified approach to regulate cryptocurrencies to balance oversight with economic development, IRNA reported.
The Central Bank of Iran (CBI) recently approved a “Policy and Regulatory Framework for Cryptocurrencies”, reaffirming its role as the primary regulator.
The framework emphasizes licensing crypto brokers and custodians under CBI supervision while ensuring compliance with anti-money laundering (AML) laws, counter-terrorism financing (CTF) regulations, and tax obligations.
CBI Governor Mohammadreza Farzin highlighted collaboration with other agencies, such as the Ministry of Economic Affairs and Finance, to develop robust regulatory mechanisms for the digital asset ecosystem.
According to the official, the mentioned framework focuses on active regulation and leveraging digital currencies’ economic potential.
Echoing these efforts, Abdolnasser Hemmati, Minister of Economic Affairs, stressed the government’s commitment to organizing—not restricting—cryptocurrencies.
“Attempts to impose limitations have failed. Instead, we aim to manage their risks and capitalize on their benefits, including job creation and bypassing sanctions,” Hemmati said.
He criticized internet filtering for its economic impact and called for a shift toward expanding Iran’s digital economy. —Tehran Times
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