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New Bill to Ban Crypto Payments in Iran, Support Mining and Regulate Exchange Urged by the growing popularity of cryptocurrencies, Iranian lawmakers have prepared new legislation to introduce comprehensive rules for the expanding industry. While the bill effectively bans crypto payments in the country, it aims to support cryptocurrency mining and regulate the exchange market. Draft Law Prohibits Crypto Payments in Islamic Republic Members of the Islamic Consultative Assembly, the Iranian parliament, now have a plan to put the crypto space in order. The new bill, drafted under the supervision of the parliamentary Economic Commission, allocates responsibilities among regulators and answers some outstanding questions to determine the future of cryptocurrencies in Iran.

Farhad dejpasandMembers of the islamic consultative assemblyTasnim news agencyEconomic commissionIran ministry of industryCentral bankMinistry of energyNew billBan crypto paymentsSupport miningRegulate exchangeLaw prohibits crypto paymentsIslamic consultative assemblyIslamic republicSupport cryptocurrencyIranian majlis