Iranian Regulators Urged To Legalise Cryptocurrency Exchanges
The discussion on rules that apply to Cryptocurrency in Iran has been ongoing for some time now. Fars News Agency reported that the popularity of cryptocurrencies among Iranians has grown significantly with the rising prices of decentralized assets in recent months. Due to the growing popularity of cryptocurrencies, Iranian lawmakers recently prepared new legislation to […]
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The Iranian National Tax Administration (INTA) has put forward a proposal to tax digital asset exchanges operating in the country. The authority calls for the legalization of their activities, fearing restrictions could negatively affect tax collection. Tax Agency Wants to Obtain User Data From Authorized Exchanges Seeing an opportunity to use exchange transactions as a basis for taxation, the INTA has urged regulators in Tehran to legalize crypto trading platforms. In an excerpt from its draft proposal quoted by Iranian media, the tax authority insists: Legalizing crypto exchanges is....
Startups have spoken out against government attempts to curb the operations of crypto exchanges in Iran. Cryptocurrency trading is not illegal, Iranian fintechs insist, calling on lawmakers and regulators to develop rules that would allow the sanctioned country to continue to take advantage of decentralized money transfers. Iranian Fintechs Insist There Is No Ban on Cryptocurrency Trade Recent statements by various authorities in Teheran have prompted a response from the Iran Fintech Association (IFA) which represents companies working in the sector. In a letter to the speaker of....
The Iranian tax agency has called for establishing a legal framework for crypto trading platforms so they can be taxed properly. The Iranian National Tax Administration (INTA) is pushing to establish a legal framework for the taxation of crypto trading platforms operating in the country, according to a new proposal by the country’s tax authority.Two months after Iranian President Hassan Rouhani’s call for a legal framework for crypto trading, INTA reportedly detailed the necessity of legalizing digital asset exchanges in a proposal quoted by the local media. Reminding Iranian regulators....
Accounts belonging to OpenSea users with Iranian IP addresses have been canceled in the face of a growing debate regarding international sanctions and Russia’s attack on Ukraine. As pressure mounts on large cryptocurrency exchanges such as Coinbase, Kraken, and Binance to restrict access to their platforms to all Russian users and financial entities, other major […]
Cryptocurrencies have been a cause for concern in Teheran as the digital assets have attracted capital from other, traditional markets. The parliament’s leadership has now asked the tax agency to profile the owners of Iranian platforms facilitating cryptocurrency trading and report to the Majlis. Parliament Speaker Asks Tax Agency to Report on Crypto Trading Platforms The Islamic Consultative Assembly, Iran’s legislative body also called the Majlis, has joined the debate over how to regulate decentralized financial assets such as bitcoin. Cryptocurrencies have enjoyed a....