Iranian crypto holdings, valued between $30 billion and $50 billion, constitute a pair of third of the national gold market, per economist Mohammad Sadegh Alhosseini. Day-to-day cryptocurrency trading in Iran is roughly $143 million (100 trillion rials). The Central Bank of Iran (CBI) and the finance ministry are engaged on measures to toughen transparency in the crypto market, which has been historical to circumvent U.S. sanctions on global banking. On Saturday, the CBI launched a policy doc aiming to align cryptocurrency trades with Iran’s anti-money laundering and tax laws. Alhosseini warned that stricter regulations might maybe well repeat sanction-evading companies to U.S. penalties, inserting accountability on the CBI. He instructed that personal entities might maybe well play a feature in organizing the market, lowering insist authorities oversight risks.
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