The Central Bank of Iran (CBI) has approved the legal framework for crypto, allowing for the licensing of brokers and custodial organizations while ensuring compliance with anti-money laundering, tax, and terrorism financing laws.

The legal framework aims to harness crypto to create jobs, expand the digital economy, and circumvent international sanctions. Iran has legalized crypto mining since 2019, but it is tightly regulated and requires the sale of the majority of mined assets to the government.