Crypto Trading, Investing Illegal in Iran, Central Bank Governor Reiterates

Cryptocurrency trading or use of digital assets for investment purposes is prohibited, Central Bank of Iran (CBI) Governor Ali Salehabadi recently told local media. At the same time, authorized individuals and organizations can legally mine crypto that can be employed for international settlements, the official noted.

Referring to regulations adopted two years ago by banks and other government institutions such as the Ministry of Industry, Mines and Commerce, the CBI chief elaborated that it is legal for Iranian companies to pay for imports with cryptocurrency. He was quoted in a report by the English-language edition of the Iranian Labor News Agency (ILNA) on Friday.