Iran announces intention to accept cryptocurrencies…Change from ”restriction” to ”tighter regulation”

Instead of completely restricting cryptocurrencies, the Iranian government is moving to tighten regulations, according to a report from The Block citing Iranian state-run news media.
"The Iranian government has been voicing its opposition to the negative impact of cryptocurrencies on the economy," said Iran's Minister of Economy and Finance Abdolnaser Hemmati at a national event on the 7th (local time).
"We are trying to eliminate the negative effects and utilize the positive effects," he added. "Digital currency is under the jurisdiction of the Central Bank of Iran." He added that crypto assets will help boost youth employment in Iran.
He said he hopes the agreement will be used as a tool to advance international efforts to combat U.S. sanctions and align the country's activities with the global economy.
On the same day, the Central Bank of Iran released a new document outlining its upcoming policy regarding crypto assets.
These policies are aimed at helping crypto traders comply with local tax and anti-money laundering laws.
Alhosseini estimates that Iranian investors hold between $30 billion and $50 billion worth of crypto assets.
This amounts to about a third of Iran's entire gold market, he said.