Iran’s Minister of Economic Affairs and Finance, Abdolnaser Hemmati, has stated that the Iranian government is shifting towards embracing crypto assets by implementing more regulations instead of outright restrictions.
During a national event on Saturday, Hemmati emphasized the government’s efforts to reduce the negative effects of digital money on the economy and utilize its positive impacts. The minister also clarified that cryptocurrencies fall within the jurisdiction of the central bank of Iran.
Hemmati has expressed his hope for cryptocurrencies to be used to increase employment opportunities for youth in Iran, counter the impact of US sanctions, and align the country’s activities with the global economy.
In line with these efforts, the Central Bank of Iran recently released a document outlining its plans for upcoming policies on cryptocurrencies, as reported by Nour News. The new policies aim to facilitate compliance with local tax and anti-money laundering laws for crypto traders.
