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Iran’s new crypto regulations aim to boost economy

Iran shifts to regulatory measures: Iran is embracing cryptocurrencies through new regulations rather than bans. Abdolnaser Hemmati, the Minister of Economic Affairs and Finance, highlighted crypto’s role in boosting the economy and counteracting U.S. sanctions, while focusing on youth employment.

Crypto regulations focus on compliance: The Central Bank of Iran aims to support crypto traders by ensuring tax compliance and anti-money laundering, as investors hold $30 billion to $50 billion in crypto. This shift aligns with global pro-crypto trends, anticipating similar moves in the U.S. under Donald Trump.

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