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Iran: New Crypto Law Requires Selling Bitcoin Directly to Central Bank to Fund Imports

Gold-plated souvenir Bitcoins. (AFP)
Gold-plated souvenir Bitcoins. (AFP)
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Iran: New Crypto Law Requires Selling Bitcoin Directly to Central Bank to Fund Imports

Gold-plated souvenir Bitcoins. (AFP)
Gold-plated souvenir Bitcoins. (AFP)

Iran has resorted to a new crypto currency regulation that required licensing bitcoin miners to sell their coins directly to the Central Bank for use to fund imports.

Reports published by bitcoins.com said the Iranian government has amended its crypto currency regulation to enable the country’s central bank to fund imports with bitcoin legally mined in the country.

Also, the IRNA news agency reported that the government has introduced those regulations in order to allow crypto miners to redirect their coins to the country’s finance mechanism for international trades.

“The Ministry of Energy is tasked with defining a ceiling for output of authorized crypto units subject to the energy consumed by each unit. Miners’ output should not exceed the ceiling,” the news agency wrote, adding that the central bank will soon announce details of the new law.

Meanwhile, the Mehr news agency quoted Mostafa Rajabi Mashhadi, deputy head of Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) and the spokesperson for the power industry, as saying: “These crypto currencies can be exchanged according to the regulations set by the central bank.”

Presstv, an Iranian state-owned news network, said that miners are supposed to supply the original crypto currency directly and within the authorized limit to the channels introduced by the central bank.

“The legal cap for the amount of crypto currency for each miner would be determined by the level of the subsidized energy used for mining and based on instructions published by the Ministry of the Energy,” it said.

Crypto currency analyst Alireza Shamkhi told ISNA news agency that the new law is vague and ambiguous.

He said it does not state how the central bank will price crypto currencies or the exchange rate between dollars and rials.

Previously, miners could exchange their crypto currencies for dollars, rials or other currencies at market prices.

“The requirement for miners to report their output to the central bank is not seen in other industries, concluding that the new law will likely reduce the industry’s attractiveness and significantly lower miners’ profit margin,” said Shamkhi.

Iran has issued over 1,000 licenses to crypto miners, including one to the Turkish bitcoin mining giant Iminer.

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Türkiye Presses PKK to Disarm ‘Immediately’

An Iraqi Kurdish woman waves a flag bearing the portrait of the founder of the Kurdistan Workers’ Party (PKK) Abdullah Ocalan as people gather at Freedom Park to listen to an audio message by the jailed leader in Sulaimaniyah, in Iraq's autonomous Kurdistan region on February 27, 2025. (AFP)
An Iraqi Kurdish woman waves a flag bearing the portrait of the founder of the Kurdistan Workers’ Party (PKK) Abdullah Ocalan as people gather at Freedom Park to listen to an audio message by the jailed leader in Sulaimaniyah, in Iraq's autonomous Kurdistan region on February 27, 2025. (AFP)
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Türkiye Presses PKK to Disarm ‘Immediately’

An Iraqi Kurdish woman waves a flag bearing the portrait of the founder of the Kurdistan Workers’ Party (PKK) Abdullah Ocalan as people gather at Freedom Park to listen to an audio message by the jailed leader in Sulaimaniyah, in Iraq's autonomous Kurdistan region on February 27, 2025. (AFP)
An Iraqi Kurdish woman waves a flag bearing the portrait of the founder of the Kurdistan Workers’ Party (PKK) Abdullah Ocalan as people gather at Freedom Park to listen to an audio message by the jailed leader in Sulaimaniyah, in Iraq's autonomous Kurdistan region on February 27, 2025. (AFP)

Türkiye on Thursday insisted the PKK and all groups allied with it must disarm and disband "immediately", a week after a historic call by the Kurdish militant group's jailed founder.

"The PKK and all groups affiliated with it must end all terrorist activities, dissolve and immediately and unconditionally lay down their weapons," a Turkish defense ministry source said.

The remarks made clear the demand referred to all manifestations of Abdullah Ocalan's Kurdistan Workers' Party (PKK), which has led a four-decade insurgency against the Turkish state, costing tens of thousands of lives.

Although the insurgency targeted Türkiye, the PKK's leadership is based in the mountains of northern Iraq and its fighters are also part of the Kurdish-led Syrian Democratic Forces (SDF), a key force in northeastern Syria.

Last week, Ocalan made a historic call urging the PKK to dissolve and his fighters to disarm, with the group on Saturday accepting his call and declaring a ceasefire.

The same day, President Recep Tayyip Erdogan warned that if the promises were not kept, Turkish forces would continue their anti-PKK operations.

"If the promises given are not kept and an attempt is made to delay... or deceive... we will continue our ongoing operations... until we eliminate the last terrorist," he said.

- Resonance in Syria, Iraq -

Since 2016, Türkiye has carried out three major military operations in northern Syria targeting PKK militants, which it sees as a strategic threat along its southern border.

Ankara has made clear it wants to see all PKK fighters disarmed wherever they are -- notably those in the US-backed SDF, which it sees as part of the PKK.

The SDF -- the bulk of which is made up of the Kurdish YPG -- spearheaded the fight that ousted ISIS extremists from Syria in 2019, and is seen by much of the West as crucial to preventing an extremist resurgence.

Last week, SDF leader Mazloum Abdi welcomed Ocalan's call for the PKK to lay down its weapons but said it "does not concern our forces" in northeastern Syria.

But Türkiye disagrees.

Since the toppling of Syria's Bashar al-Assad in December, Ankara has threatened military action unless YPG militants are expelled, deeming them to be a regional security problem.

"Our fundamental approach is that all terrorist organizations should disarm and be dissolved in Iraq and Syria, whether they are called the PKK, the YPG or the SDF," Omer Celik, spokesman for Erdogan's ruling AKP, said on Monday.

Ocalan's call also affects Iraq, with the PKK leadership holed up in the mountainous north where Turkish forces have staged multiple air strikes in recent years.

Turkish forces have also established numerous bases there, souring Ankara's relationship with Baghdad.

"We don't want either the PKK or the Turkish army on our land... Iraq wants everyone to withdraw," Iraq's national security adviser Qassem al-Araji told AFP.

"Turkish forces are (in Iraq) because of the PKK's presence," he said, while pointing out that Türkiye had "said more than once that it has no territorial ambitions in Iraq".