{"id":660319,"date":"2024-12-10T15:49:16","date_gmt":"2024-12-10T15:49:16","guid":{"rendered":"https:\/\/ktsl888.com\/?p=660319"},"modified":"2024-12-10T15:49:16","modified_gmt":"2024-12-10T15:49:16","slug":"iran-crypto-nullify-global-sanctions","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/iran-crypto-nullify-global-sanctions\/","title":{"rendered":"Iran Attempts To Nullify The Impact of Global Sanctions By Turning Focus On Crypto"},"content":{"rendered":"

In a strategic shift from its stance on digital currency, Iran has decided to regulate the crypto industry instead of restricting it.<\/p>\n

The decision was announced by the Minister of Economic Affairs and Finance Abdolnaser Hemmati at a national event in Tehran, where he said that they aim to minimize the risks associated with crypto while reaping all its benefits.<\/p>\n

The country’s Central Bank will be in charge of managing all the digital assets. From laying down the regulatory framework and helping financial institutions adopt digital assets to monitoring transactions and ensuring compliance, it’s all up to the Central Bank<\/a>.<\/p>\n

It has already published a set of guidelines regarding tax compliance and anti-money laundering measures.<\/p>\n

Currently, Iranian investors hold between $30B and $50B worth of crypto assets, roughly one-third of the company’s total gold market.<\/p>\n

The Crucial Timing of the Decision<\/strong><\/h2>\n

The timing of this decision couldn’t have been better. Hemmati believes that will have several benefits:<\/p>\n