Iran Plans To Regulate Crypto To ‘Nullify Sanctions’ Ahead Of Trump’s White House Return
Posted On December 9, 2024
Iran is moving to “organize” cryptocurrency through regulation rather than restriction, a strategic shift that coincides with President-elect Donald Trump‘s pro-crypto stance and Bitcoin‘s (CRYPTO: BTC) recent surge past $100,000.
What Happened: Iranian Minister of Economic Affairs and Finance Abdolnaser Hemmati announced the regulatory framework during a national event, stating the initiative aims to “eliminate negative impacts while leveraging positive effects” of digital currencies, according to state-run Nour News.
The Central Bank of Iran has published guidelines focusing on tax compliance and anti-money laundering measures.
Iranian investors currently hold between $30-50 billion in cryptocurrency assets, equivalent to approximately …
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