The regulatory authority of Iran, the Iranian National Tax Administration proposes to set a
legislative structure for the taxing crypto trading networks. The announcement was made 2 months after the country's president Hassan Rouhani talked about a legal system for buying and selling crypto assets.As Iranian media reports, the INTA believes that legalizing crypto exchanges will have positive results. It will provide the opportunity to track operations and only licensed platforms will be able to deliver services.
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The agency noted that strict restrictions against exchanges would have the opposite effect creating a black market, while activities can be regulated and taxed. In addition, INTA announced that penalties and legal implications will be part of regulations.
There would be three tax structures for crypto trading companies: tax on profit, fixed base and business tax. Other details about the way of taxation aren't known yet.
DeFi was mentioned in the outline as well. To prevent money laundering, the INTA offers to limit DEX activities.
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As for crypto mining, it's legal in the country requiring miners to follow certain rules established by the government. However, in May Iran announced ceasing operations till September 22 because of power blackouts.VP for Legal Affair, Laya Joneidi said last week that crypto swaps aren’t illegal.