• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

The Iranian tax authority would like to legalize cryptocurrency exchanges

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The Iranian tax authority has identified as for the establishment of a legal framework for cryptocurrency trading platforms so that they can be correctly taxed.

The Iranian tax authority wants to legalize cryptocurrency exchanges
The Iranian tax authority would like to legalize cryptocurrency exchanges

The Iranian National Tax Agency (INTA) is pushing for the establishment of a legal framework to tax cryptocurrency trading platforms working in the nation, in accordance to a new proposal from the country’s tax authority.

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
The son of the president of the European Central Bank "lost 60%" on cryptocurrency investments

The son of the president of the European Central Bank “lost 60%” on cryptocurrency investments

November 24, 2023

Two months immediately after Iranian President Hassan Rouhani’s contact for a regulatory framework for cryptocurrency trading, INTA in depth the want to legalize digital asset exchanges in a proposal.

Reminding Iranian regulators that a regulatory framework is desired for taxation, INTA mentioned the government ought to only permit authorized exchanges to convert currencies by monitoring transactions.

The tax authority has identified as for a broader regulatory framework to stay away from harsh situations for cryptocurrency exchanges that could lead to the black market place to rise.

Capital Gains Tax, Fixed Base Tax, and Employment Tax are the 3 tax regimes on cryptocurrency trading platforms proposed by INTA, even though the proposal does not specify the mechanism for taxing cryptocurrency companies.

According to sources, decentralized finance is also incorporated in the proposal. To comply with the Anti-Money Laundering legislation, the proposal aims to create a greatest restrict for transactions that get location on decentralized exchanges.

As reported in early July, Iran’s Parliamentary Economic Committee drafted a new bill to restrict the use of cryptocurrencies in the nation by supplying a clearer regulatory framework for miners. .

Mining of cryptocurrencies stays legal for licensed miners working in Iran, even though it is temporarily banned till September due to power troubles through the sizzling summer time months. Miners are acknowledged as owners of the digital assets they mint.

It is not unlawful to convert a single cryptocurrency into a different. But the recent law only permits authorized banking institutions and exchanges to use cryptocurrencies mined in Iran to pay out for imports, though cryptocurrencies are unable to be made use of for payments in the nation.

Iranian law enforcement has invested the summer time conducting raids on unlicensed cryptocurrency miners. Police seized all-around seven,000 mining rigs in a series of operations. Last month, the government asked licensed cryptocurrency miners to quit manufacturing altogether till even further discover.

Synthetic Currency 68

Maybe you are interested:

Maybe you are interested:

Tags: AuthorityCryptocurrencyExchangesIranianlegalizetax
Share76Tweet48

Related Posts

Stablecoin Activity Peaks with 33.1M Active Addresses in May

by shark
June 2, 2025
0

Stablecoin adoption skyrockets with 33.1 million active addresses in May 2025, supported by Artemis data, reflecting a booming crypto market.

CoinShares Reports Strong $286M Inflows into Digital Assets

by shark
June 2, 2025
0

CoinShares reported $286 million in digital asset investment inflows last week, marking a cumulative $10.9 billion over the last seven...

Tether Excluded from Juventus Capital Raise

by shark
June 2, 2025
0

Tether faces exclusion from a Juventus capital raise despite increased investment stake.

Hackers Impersonate Security Firms to Steal Crypto Keys

by shark
June 2, 2025
0

SlowMist warns of evolving scams by hackers impersonating security firms to steal cryptocurrency keys.

Altcoin Market Poised for Potential Bullish Rally

by shark
June 2, 2025
0

Altcoin market sees potential for a major rally with technical indicators signaling a bullish trend.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Top New Meme Coins to Buy for 2025: Arctic Pablo, Gigachad, Ponke
  • Stablecoin Activity Peaks with 33.1M Active Addresses in May
  • CoinShares Reports Strong $286M Inflows into Digital Assets
  • Tether Excluded from Juventus Capital Raise
  • Hackers Impersonate Security Firms to Steal Crypto Keys
  • Altcoin Market Poised for Potential Bullish Rally
  • US Sells Seized Bitcoin, Faces Significant Financial Losses
  • IG Group Launches Retail Crypto Trading in UK
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7