Introduction to BitcoinSecurity 0-100

Is Bitcoin legal in Iran?


Is Bitcoin legal in Iran? Both yes and no. In fact, the answer to this question depends on what you are looking to do. There is no legal ban on investing and holding bitcoins in Iran for individuals, but the answer may be a little different if you plan to start a large business or start a bitcoin-related business.

Due to the nascent nature of this space and the lack of basic infrastructure, it is obvious that the approach of governments around the world to bitcoin and other digital currencies is not clear and definite. However, in the following, using internal reports and speeches of the country’s executive officials over the past few years, we will examine the general approach of various executive bodies and legislators regarding the digital currency space. This article will be updated in case of extensive changes to the regulations in this area.

Last update: July 1, 1999

Follow the latest news on digital currency and mining legislation in Iran here.

Is Bitcoin legal in Iran?

Is Bitcoin legal in Iran?

Bitcoin is not yet fully recognized in Iran, but investing, holding or using bitcoin in the country is not a crime.

According to Article 2 of the General Penal Code, “Any act or omission that is punishable under the law or requires security or training measures is a crime and nothing can be considered a crime unless
“The law provides for that punishment or security or training measures.”

Therefore, due to the absence of penalties for buying and selling digital currencies or possession of bitcoins at the time of writing, these acts cannot be criminalized.

It is not a crime to use or maintain bitcoin only if bitcoin is not another crime tool or does not violate the rule of law. For example, since money laundering is a crime, money laundering with bitcoin or any other criminal activity will be punishable.

Institutions such as law enforcement have responsibility and authority for technology scams. Thus, apart from discussing what digital currencies are as a technology, the law can pursue as much as possible.

In the event of any fraud, hacking or breach of contract in the digital currency space, a person can file a formal complaint and the judiciary will investigate.

Regarding the conditions for businesses, it should be said that digital currency exchanges, digital currency payment gateways and و are active in the country at the time of writing this report, but currently there is no official license to establish an exchange or digital currency exchange site by the bank. No headquarters will be issued and all current sites and centers will operate informally. The central bank also issued a statement in the winter of 1996.

In February 1997, the Central Bank published a draft of digital currency laws. The draft was to be finally approved in a few months, but this has not yet happened at the time of writing. In this draft, exchange offices can operate with a license, but the use of bitcoin as a means of payment is prohibited.

In general, buying and selling and holding bitcoins is not a crime for the people, but on a large scale and in the field of large payments, no specific license has been issued at the moment.

Legal status of bitcoin mining in Iran

Is Bitcoin legal in Iran?

Mining bitcoin or any other digital currency is legal in Iran, but must be licensed by the Ministry of Industry, Mines and Trade. Extraction of digital currencies without a license from the Ministry of Silence has been declared illegal. It must also receive special export mining electricity from the Ministry of Energy.

Extraction of bitcoins is done through mining devices called ASIC. These devices are imported. Prior to July 1998, the Iranian Customs Administration had banned the import of mining equipment, which was mainly smuggled into the country. This was the reason why the law had the right to confiscate and confiscate these devices.

It is now possible to import extraction equipment to Iran, but according to the Deputy Minister of Customs, obtaining a license from the Ministry of Industry is also required to clear the extraction equipment.

According to the Iranian Blockchain Association, individuals can be released from those devices that have already been labeled “smuggled” or confiscated, by self-declaration and payment of duties and fines.

Ali Babakonia, secretary of the blockchain association’s cryptocurrency mining working group, said about the details of the self-declaration plan:

This plan has been prepared in the form of 5 clauses, during which the Ministry of Industry has been appointed in charge of the self-declaration plan of minor equipment. In the other paragraph, it is stated that the holders of the license to establish currency cryptocurrency extraction from the Ministry of Silence will be able to benefit from the plan and can submit their application through the optimizer system. After announcing the number and type of equipment, the extractors must pay the duties and customs duties that are subsequently announced for each device, and after confirming these steps, these devices are licensed devices and legally in the farms and currency code extraction system. are being used.

Therefore, bitcoin mining in Iran is an industry and it is legal, but it must obtain the necessary permits from the Ministry of Industry and the Ministry of Energy, otherwise the electricity organization can stop the use of electricity for this activity and also the law enforcement force will confiscate the right. It has extraction devices.

Conclusion

  • Is keeping or using bitcoin a crime in Iran? No criminalization has been done for this topic at the moment.
  • Is mining legal? Yes, but with permission
  • Is the import of mining equipment legal? The import of these devices is subject to obtaining a license from the Ministry of Silence.
  • Are banks, exchange offices and financial institutions allowed to enter this field? No now.
  • Are digital currencies traded and open to the public? Yes, this is not a crime right now.
  • Is it possible to file a complaint for related crimes in this area? Yes, the prosecution is similar to other criminal offenses and lawsuits.

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