In 2018, Iran recognized cryptocurrency mining as a legal industry in order to monitor and regulate the mining farms that were already operating.[1] In July 2018, President Hassan Rouhani's administration declared its intention of launching a national cryptocurrency, a news agency affiliated with the Central Bank of Iran outlined multiple features of the national cryptocurrency, stating that it would be backed by the Iran's national currency, the rial.[2] The cryptocurrency could allow Iranians to make international transactions amidst trade embargo. As of December 2020 Iranians traded between $16 and $20 million in 12 different cryptocurrencies each day.[3][4][5]
Iran's mining amount of bitcoin is close to $1 billion a year.[6]
^"Iran's muddled relationship with cryptocurrency is self-inflicted". Atlantic Council. 2020-06-18. Archived from the original on 2020-12-27. Retrieved 2020-12-27.
^Ratna, Tanvi. "Iran Has a Bitcoin Strategy to Beat Trump". Foreign Policy. Archived from the original on 2020-12-27. Retrieved 2020-12-27.
^Erdbrink, Thomas (2019-01-29). "How Bitcoin Could Help Iran Undermine U.S. Sanctions (Published 2019)". The New York Times. ISSN 0362-4331. Archived from the original on 2020-12-27. Retrieved 2020-12-27.
^"Iranians Warned To Be Wary As Daily Crypto-Currency Trade Reaches $20 Million". Iran International. 2020-12-04. Archived from the original on 2020-12-27. Retrieved 2020-12-27.
^Lerner, Barry (June 2018). "Regulation of Cryptocurrency". www.loc.gov. Archived from the original on 2020-12-27. Retrieved 2020-12-27.
^"Iran uses crypto mining to lessen impact of sanctions, study finds". Reuters. 21 May 2021.
and 25 Related for: Virtual currency law in Iran information
banknotes inIran. Its value is also attached to the existing traditional paper rial. According to the emphasis of the Central Bank of Iran, Rial Currency, unlike...
in IranVirtualcurrencylawinIran Energy superpower Foreign relations of IranIranian calendar Iran's international rankings in economy Iranian targeted...
plans therefor in selected countries. Members' Research Service. p. 9. Retrieved 18 February 2015. "EBA Opinion on 'virtualcurrencies'" (PDF). European...
Cryptocurrency exchange Cryptographic protocol List of cryptocurrencies Virtualcurrencylawin the United States Whether the word 'crypto' refers to 'cryptocurrency'...
the Persian text in this article correctly. Iran, also known as Persia and officially the Islamic Republic of Iran (IRI), is a country in West Asia. It is...
adapt the respective rule to virtualcurrencies. On March 18, 2013 FinCEN issued a guidance regarding virtualcurrencies, according to which, exchangers...
with any virtualcurrency had been illegal in China since at least 2009. Research produced by the University of Cambridge estimated that in 2017, there...
intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates. Originally identified to...
FinCEN's Regulations to Certain Business Models Involving Convertible VirtualCurrencies". fincen.gov. Retrieved 22 April 2023. Richet, Jean-Loup (June 2013)...
InIran, censorship was ranked among the world's most extreme in 2024. Reporters Without Borders ranked Iran 176 out of 180 countries in the World Press...
explained the mission. The CIA bribed him with $1 million inIraniancurrency, which Roosevelt had stored in a large safe—a bulky cache, given the then-exchange...
and in the early twentieth century the question "Is he a Hindu or Pariah?" had currency. Apostasy and proselytization is punishable by Algerian law. Prison...
international sanctions on Iran have so downgraded Iran'scurrencyin value that they would see a massive drop in their standard of living in Israel, with those...
UAV base at Arba Minch Airport in September 2015. 4 January A day after Saudi Arabia severed diplomatic relations with Iran it suspended civilian flights...
intelligence Market research Money Currency Community currency Dollar Local currency Petrocurrency Reserve currency Time-based currency Yen United States dollar...
cache are sent to load-balancing servers running the Linux Virtual Server software, which in turn pass them to one of the Apache web servers for page rendering...
over half the output of a peasant cultivator, were paid in the well-regulated silver currency, and caused peasants and artisans to enter larger markets...
introduction of a new currency for Afghanistan in 2002–2003." While Herat is not the highest-volume area of opium trade, Herat, and the other Iranian border areas...
EU. In 1999, the currency union started to materialise through introducing a common accounting (virtual) currencyin eleven of the member states. In 2002...
Treasury. Retrieved 2021-07-04. "U.S. Treasury Sanctions Notorious VirtualCurrency Mixer Tornado Cash". U.S. Department of the Treasury. Retrieved 2022-08-10...
log in, lost up to $5 million worth of bitcoin. In late February 2014 Mt. Gox, one of the largest virtualcurrency exchanges, filed for bankruptcy in Tokyo...
activities are to be filed in reports to FINTRAC: Suspicious transactions Large cash transactions Large virtualcurrency transactions Electronic funds...
J W Gilbart (1834). The history and principles of banking: The laws of the currency, etc. G. Bell, 1866. p. 9. Retrieved 9 April 2012. Ancient banking...
negationism has gained currency as the name of a movement to deny a specific crime against humanity, the Nazi genocide on the Jews in 1941–45, also known...
Rights Abuse in Zimbabwe". March 11, 2020. "U.S., UK, and Australia Target Additional Hamas Financial Networks and Facilitators of VirtualCurrency Transfers"...