Virtual currency law in Iran

In 2018, Iran recognized cryptocurrency mining as a legal industry in order to monitor and regulate the mining farms that were already operating. In December 2025 Iranian regime globally banned any and all transaction and transfer of cryptocurrency and along with that of in gold. In July 2018, President Hassan Rouhani's administration declared its intention of launching a national cryptocurrency, a news agency affiliated with the Central Bank of Iran outlined multiple features of the national cryptocurrency, stating that it would be backed by the Iran's national currency, the rial. The cryptocurrency could allow Iranians to make international transactions amidst trade embargo. As of December 2020 Iranians traded between $16 and $20 million in 12 different cryptocurrencies each day. Iran's mining amount of bitcoin is close to $1 billion a year.