The Iranian government has issued a new law that does not recognize cryptocurrency as a legal means of payment, and also does not recognize internal transactions made in cryptocurrencies.

According to the local news agency PressTV, on August 4, the Iranian government ratified and issued a new law stating that the government will not recognize any domestic trading activities related to cryptocurrencies.

According to the new bill, the government and the banking system of the country will not consider digital currencies as legal tender, and the Central Bank of Iran will not guarantee their value. The new bill follows the comments of the deputy governor of the Central Bank of Iran, who in July announced that the purchase and sale of cryptocurrencies in the country is illegal.

The bill was presented in the light of the increased popularity of mining as a method of evading international sanctions. At the end of last month, the Iranian government equated mining to industries. Now the activity of mining cryptocurrencies in the country is legalized, but mining companies need to get a license to work