Iran Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Key Regulator(s)

Central Bank of Iran, Ministry of Economy and Financial Affairs, Secretariat of the High Council for Combating Money Laundering and Financing of Terrorism, Ministry of Industry, Economic Council

Travel Rule

Not adopted

Tax Reporting

Banned for Domestic Payments: The Central Bank of Iran (CBI) has repeatedly banned the use of cryptocurrencies for domestic payments and transactions within Iran.. Restrictions on Domestic Exchanges/Trading: While some local exchanges operate, individual trading and holding of cryptocurrencies are generally discouraged, tightly regulated, or even de facto illegal for retail investors for speculative purposes by the CBI. There is no clear legal framework for individuals to legally trade cryptocurrencies on a large scale.. Legal for Imports (Under Specific Conditions): In 2022, Iran officially approved the use of cryptocurrencies for import payments as a way to circumvent international sanctions. This is typically for businesses and under strict governmental oversight.. Regulated Mining: Crypto mining is recognized as a legal industrial activity in Iran but requires licenses from the Ministry of Industry, Mine and Trade and is subject to specific regulations, including higher electricity tariffs.. Status: Legal, regulated industrial activity requiring licenses.

Key Facts

Data collection in progress. This country's compliance facts are queued for research by our AI worker fleet. Check back soon or access data via MCP.