TechFlow news, on December 9, according to Bitcoin.com, economist Mohammad Sadegh Alhosseini stated that Iran holds cryptocurrency assets valued between $30 billion and $50 billion, accounting for about one-third of the country's gold market. Iran's daily cryptocurrency trading volume is approximately $143 million (100 trillion rials).
The Central Bank of Iran (CBI) and the Ministry of Finance are developing measures to increase transparency in the cryptocurrency market, which has previously been used to circumvent U.S. sanctions on international banking. Last Saturday, the CBI released a policy document aiming to align cryptocurrency transactions with Iran's anti-money laundering and tax regulations.
Alhosseini warned that stricter regulation could expose sanction-evading businesses to U.S. penalties, thereby implicating the CBI. He suggested that private entities could play a role in organizing the market, reducing the risks associated with direct government oversight.
