President Ebrahim Raisi has a optimistic view about regulating cryptocurrencies, mentioned Mohsen Rezaei, the vice chairman for financial affairs, including that new laws can be finalized by April.
“The federal government is in favor of regulating cryptocurrencies. Companies on this sector must uphold transparently and pay tax. Digital foreign money miners shall be given entry to energy at truthful charges…The principles shall be finalized by the Cupboard in 4 months,” YJC quoted him as saying.
The federal government has a plan of motion to manage cryptocurrency mining and handle deficiencies within the current framework. It’s reportedly rewriting guidelines introduced by the previous administration wherein mining digital foreign money was authorized and miners operated below guidelines mandated by the federal government.