Majlis Plans to Tighten Oversight of Cryptomining

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Lawmakers reportedly have a plan for disciplining the cryptocurrency market, one of the articles of which requires licensed miners to regularly report the Central Bank of Iran regarding their output.
According to Tasnim news agency, the plan seeks to extend legislative support to the legal cryptominers and at the same time regulate crypto trade. Parts of the plan, mostly those related to legal mining, are similar to regulations already passed by the government. The new articles call for expanding oversight of the miners’ operations.
The plan calls on the High Council of Anti-Money Laundering and Counter Terrorism Financing to develop a mechanism to check miner’s compliance with AML/FCT regulations.

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