Reza Bagheri Asl, Deputy Minister of Communications of Iran, while discussing regulatory matters related to the storage and exchange of cryptocurrencies, emphasized that accepting cryptocurrency payments is a red line and we do not recognize payments using cryptocurrencies. Cryptocurrencies like Bitcoin are not considered legal tender in the Islamic Republic of Iran.
Reza Bagheri Asl pointed out that the use of any foreign currency is beyond Iran’s sovereignty and violates Iran’s currency and banking laws.
The deputy minister added that to prevent Iranian citizens from being at risk, digital asset trading in the country will be subject to a series of rules similar to those applicable to the stock market and other currencies, cryptocurrencies must be regulated, and the banking system must be complied with. .