Market
What will be the main economic impact of Iran's crypto regulation by 2025?
1
Resolution / Starting Odds
Increased GDP • 25%
Job creation • 25%
Countering sanctions • 25%
No significant impact • 25%
Economic reports and analyses from Iranian government or international financial institutions
Story
Iran Regulates Crypto, Bans as Payment to Boost Economy, Counter Sanctions
Dec 9, 2024, 04:40 AM
Iran is shifting its stance on cryptocurrencies, moving from imposing restrictions to introducing regulations. The Central Bank of Iran has issued a new directive allowing the operation of cryptocurrencies within the country, but explicitly prohibits their use as a payment tool in place of the rial. Iranian Finance Minister Abdolnaser Hemmati has outlined plans to leverage digital currencies for economic growth, job creation for the youth, and as a means to counter US sanctions. This regulatory pivot aims to align Iran with global financial trends and potentially harness the significant crypto holdings of Iranians, estimated to be between $30 billion and $50 billion, with daily trades of $10 billion, 20% of which occur externally, for economic benefit.
View original story
Similar markets
Weakened • 25%
Uncertain • 25%
No change • 25%
Strengthened • 25%
Significant growth in market size • 25%
Minimal impact • 25%
Stable growth • 25%
Increased market volatility • 25%
Moderate Positive Impact • 25%
Negative Impact • 25%
Neutral Impact • 25%
Significant Positive Impact • 25%
Decreased regulation • 25%
No significant change • 25%
Increased regulation • 25%
Other • 25%
No significant impact • 25%
Negative impact • 25%
Moderate positive impact • 25%
Significant positive impact • 25%
Further liberalization • 25%
Introduce new regulations • 25%
Reimpose bans • 25%
Maintain current policy • 25%
Decreased DeFi activity • 25%
Minimal impact • 25%
Shift to non-U.S. platforms • 25%
Increased compliance costs • 25%
No significant impact • 25%
Significant positive impact • 25%
Moderate positive impact • 25%
Negative impact • 25%
Increase in inflation • 25%
Increase in U.S. GDP • 25%
Decrease in inflation • 25%
Decrease in U.S. GDP • 25%
Remain stable (+/- 5%) • 25%
Fluctuate moderately (5%-20%) • 25%
Increase by over 20% • 25%
Decrease by over 20% • 25%
Strengthened U.S. dollar • 25%
Little to no impact • 25%
Increased market volatility • 25%
Increased Bitcoin adoption • 25%
Cryptocurrency exchanges • 25%
Other • 25%
Traditional financial institutions • 25%
Blockchain technology companies • 25%