Central Bank of Iran crypto: How Iran's State Controls Digital Money

When you hear Central Bank of Iran crypto, the official stance of Iran’s government on digital currencies. Also known as Iranian cryptocurrency policy, it isn’t about adopting crypto—it’s about controlling it. The Central Bank of Iran doesn’t allow banks to handle Bitcoin or any other crypto. It calls them illegal for payments. But here’s the twist: millions of Iranians are using crypto anyway—not to gamble, but to survive.

Why? Because the Iranian rial has lost over 80% of its value in the last five years. People aren’t buying Dogecoin because it’s trendy—they’re buying Bitcoin because it’s the only thing that holds value when the local currency collapses. In 2024, Iranians sent $4.18 billion in crypto abroad. That’s not a protest. That’s a lifeline. And the government knows it. So instead of stopping it completely, they cracked down on mining. Crypto mining in Iran is legal only if you get government-approved electricity. Most miners get cut off when power runs low. The state even runs its own mining farms, taking the coins miners produce. It’s not a ban—it’s a monopoly.

Meanwhile, crypto exchanges like BloFin and BitCoke thrive among Iranian traders who avoid KYC. They use peer-to-peer platforms, Telegram groups, and local brokers to swap rials for Bitcoin. The Central Bank of Iran crypto policy doesn’t make crypto disappear—it just pushes it underground, where it’s harder to tax, harder to track, and far more essential to daily life. This isn’t a tech story. It’s a survival story. And the posts below show exactly how it works: from electricity rationing that shuts down miners, to how Iranians bypass sanctions using crypto, to the real risks of trading when the state is watching every move.