Iran's cryptocurrency holdings, estimated to be worth between $30 billion and $50 billion, make up around one-third of the country's gold market, according to economist Mohammad Sadegh Alhosseini. Iran's daily crypto trading volume is around $143 million (100 trillion rials). In response to the use of cryptocurrencies to bypass U.S. sanctions, the Central Bank of Iran (CBI) and the finance ministry are working on measures to increase transparency in the crypto market. The CBI recently released a policy document to align cryptocurrency trades with anti-money laundering and tax laws. Alhosseini cautioned that stricter regulations could expose sanction-evading businesses to U.S. penalties, suggesting private entities could help organize the market to reduce government oversight risks.



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