{"id":7775,"date":"2021-08-12T15:22:44","date_gmt":"2021-08-12T14:22:44","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=7775"},"modified":"2021-08-12T15:22:53","modified_gmt":"2021-08-12T14:22:53","slug":"iranian-national-tax-administration-sets-to-legalize-crypto-exchanges","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/iranian-national-tax-administration-sets-to-legalize-crypto-exchanges\/","title":{"rendered":"Iranian National Tax Administration sets to legalize crypto exchanges"},"content":{"rendered":"\n
A new proposal by the Iranian National Tax Administration (INTA), stated that the country's tax authorities<\/a> is trying to establish a legislative framework for the proper taxation of crypto trading platforms operating in the country.<\/h5>\n\n\n\n
\"Iranian<\/figure><\/div>\n\n\n\n

INTA allegedly underlined the importance of establishing digital asset exchanges in a recommendation carried by local media two months after Iranian President Hassan Rouhani\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> called for a legal framework for crypto trading.<\/p>\n\n\n\n

INTA reminded Iranian authorities that levying taxes requires a legislative framework, and that only authorized exchanges should be allowed to convert currency while keeping track of transactions.<\/p>\n\n\n\n

The tax office advised lawmakers to keep the legal framework broad in order to avoid creating difficult circumstances for crypto exchanges, which might lead to the growth of a criminal market.<\/p>\n\n\n\n

The INTA proposes three tax regimes for crypto trading platforms: capital gains tax, fixed base tax, and occupational tax, albeit the plan does not explain the procedures for taxing crypto firms.<\/p>\n\n\n\n

According to the sources, decentralized finance was also included in the concept. The idea intends to set an upper limit on transactions on decentralized exchanges to comply with anti-money laundering legislation<\/a>.<\/p>\n\n\n\n

The Iranian Parliament Commission on Economy produced a new bill in early July, to restrict the usage of cryptocurrencies within the country while giving a clearer legal framework for miners.<\/p>\n\n\n\n

For licensed miners operating in Iran, crypto mining is still legal, however it is temporarily blocked until September due to energy concerns during the hot summer months. The digital assets that miners create are recognized as their property.<\/p>\n\n\n\n

It is also not unlawful to convert one cryptocurrency to another. However, under present legislation, banks and authorised exchanges can only use digital currencies produced in Iran to pay for imports; crypto cannot be used for domestic payments.<\/p>\n\n\n\n

Iran's law enforcement agencies<\/a> spent the summer raiding unregistered crypto miners. Several operations resulted in the seizure of up to 7,000 mining rigs. The government urged licensed crypto miners to suspend production until further notice last month.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new proposal by the Iranian National Tax Administration (INTA), stated that the country’s tax authorities is trying to establish a legislative framework for the proper taxation of crypto trading platforms operating in the country. INTA allegedly underlined the importance of establishing digital asset exchanges in a recommendation carried by local media two months after […]<\/p>\n","protected":false},"author":12,"featured_media":7779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,26],"tags":[1406,1837,2154,627],"class_list":["post-7775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","category-cryptocurrencies","tag-crypto-exchange","tag-crypto-tax","tag-inta","tag-iran"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/Iranian-National-Tax-Administration-wants-to-legalize-crypto-exchanges.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=7775"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/7779"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=7775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=7775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=7775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}