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Legal Foundations, Regulatory Requirements, and Legislative Strategies for Cryptocurrencies: A Comparative Analysis Between Iran and France
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Shirin Esmaeili kojabad1   , Babak Rezapour ozan |
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Abstract: (18 Views) |
Abstract
The rapid expansion of cryptocurrencies and blockchaintechnology in recent years has brought unprecedented opportunities and challenges for the legal and economic systems of various countries. The absence of clear and comprehensive regulatory frameworks has led to ambiguities, financial abuses, and security threats in this emerging domain. This paper analyzes the state of cryptocurrency regulation and risk management in the Islamic Republic of Iran, comparing it with the legal system of France and the provisions of the European :union:’s MiCA regulation, while examining the key challenges and barriers to effective national policymaking. The findings indicate that, despite the potential benefits of cryptocurrencies for facilitating transactions and circumventing certain economic restrictions, Iran continues to face significant challenges such as the lack of a clear legal definition, uncertainty regarding the supervisory authority, insufficient stakeholder protection, and inadequate anti-money laundering and counter-terrorism financing measures. In contrast, France and the European :union:, by adopting comprehensive regulations, requiring licensing and strict compliance with AML and KYC standards for crypto service providers, and establishing effective supervisory mechanisms, have created a secure and controlled environment for the development of cryptocurrencies. Ultimately, the article proposes practical solutions for the development of an up-to-date regulatory framework and the strengthening of supervisory institutions in Iran. |
Article number: 6 |
| Keywords: Cryptocurrency, Blockchain, Regulation, Comparative Law, Iran, France, MiCA, AML, KYC |
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Full-Text [DOCX 60 kb]
(6 Downloads)
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Type of Study: Applicable |
Subject:
Special
Received: 2025/07/18 | Accepted: 2025/07/19 | Published: 2025/11/3
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