Iran Compliance Report

Regulatory Overview

Regulatory Status

Dedicated crypto/VA legislation, licensing regime, active enforcement

Key Regulator(s)

Bureau of Industry and Security, Central Bank of Iran, Export Administration, Ministry of Economy and Financial Affairs, Ministry of Industry, Economic Council

Primary Legislation

The primary law is the Iranian Transactions and Sanctions Regulations (ITSR), co, The regulations are exclusively focused on sanctions, export controls, and licen, No Iranian tax authority, tax code, or tax regulation is referenced in any of th

Travel Rule

Adopted — Threshold: Implemented

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

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