The challenges of regulating cryptocurrencies in the Islamic Republic of Iran

Document Type : Original Article

Authors

1 PhD student in Strategic Management of Cyber Space University and Higher Research Institute of National Defense and Strategic Research

2 Faculty Member of ICT Research Institute (ITRC)

3 Faculty Member of University and Higher Research Institute of National Defense and Strategic Research

4 PhD graduate of National Security Management University of National Defense and Strategic Research

Abstract

In recent years, cryptocurrencies have been used officially or unofficially in many countries as a "value carrier" element and a serious competitor for conventional financial exchange methods. Cryptocurrencies are one of the most important applications of block chain technology, which, along with their opportunities and strengths, are also associated with a set of weaknesses and threats. The challenges attributed to cryptocurrencies have caused many countries to not be able to take a proper position for regulation in this field. The purpose of this research is conceptualization as well as identifying the challenges of regulating cryptocurrencies in our country. In this article, by collecting the required information by library and field method, while identifying the existing challenges, the result is presented in the form of a conceptual model and by referring to the opinion of experts through a semi-structured interview and quantifying the opinions obtained with the consensus index. It has been measured. The sampling method for conducting this interview was a purposeful judgment and snowball type, which continued until theoretical saturation and the sample size reached twelve people. The results of the research confirm that the "weakening of financial and regulatory governance institutions" has the most regulatory challenges, as well as the abundance of regulatory challenges around cryptocurrencies in the country, respectively, in the fields of "sovereignty/government", "people" and "business". "Works" is concentrated.

Keywords

Quarterly Journal of Environmental Studies Strategic of the Islamic Republic of Iran
Volume 8, Issue 3 - Serial Number 28
September 2024
Pages 79-110

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