Cryptocurrency regulations approved by the Tehran government in 2019 do not prohibit the swapping of cryptocurrencies, the Vice Presidency for Legal Affairs said in response to an inquiry by the ICT Guild.
In a letter sent in response to the guild's earlier request for clarification on crypto rules, the Vice Presidency for Legal Affairs noted that the law states that digital currency cannot be used for payment inside the country.
"Rules are in accord with the country's monetary and banking law," the letter said. "Converting one cryptocurrency into another digital currency is not illegal."
It went on to say that “banks and licensed moneychangers can use cryptocurrency mined by authorized miners in Iran to pay for imports."
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