Bitcoin has no nationality; Bitcoin and many cryptocurrencies do not have borders either. This fluidity is one of the major challenges in discussions of governance and regulation for cryptocurrencies.
Any regulation of global cryptocurrencies must be executed with a precise understanding of these assets’ fluid and cross-border nature. Therefore, as someone who has studied this field professionally, I strongly oppose imposing a capital gains tax on cryptocurrencies. This tax leads to a billion-dollar capital outflow from my country and severely reduces visibility in this area, creating the grounds for various losses and crimes.
Ayatollah Seyed Ebrahim Raisi, the hard-working President, and his valuable companions were martyred while serving our country. Raisi had a particular interest in blockchain technology and cryptocurrencies. The “Document of Government Transformation” contained one of the best approaches to financial technology, and I hope this constructive approach is continued in the next government. May God protect our beloved country and its servants.
As is customary, we explore the regulatory status of cryptocurrencies in different countries. In this issue, Ali Maghsoudi has traveled to the land of coffee and football, beautiful Brazil, and has provided a report on the regulations and governance of cryptocurrencies in this vast country. This country is a key member of BRICS and one of the leaders in de-dollarization efforts worldwide.
There is no doubt, and we have shown multiple times, that the U.S. government, at the head of the financial dominance system, is the biggest enemy of cryptocurrencies in the world. In this issue, we also discuss another aspect of this economic war—a war being waged by the U.S. to protect the dollar. Be sure to read Maral Koushki’s report on the SEC’s renewed attack on Ethereum.
Roya Ebadi’s report on the IMF’s spring meeting is also insightful regarding the dominance system’s approach to cryptocurrencies.
Tokenization, especially asset-backed tokens in the real world, is one of the hottest trends in the cryptocurrency industry. Hossein Ghotbi has reviewed the FCA regulations regarding tokenization in the UK.
The eleventh parliament has completed its work. On this occasion, Faezeh Taheri has provided a comprehensive summary of various opinions from the honorable representatives of the eleventh period regarding cryptocurrencies, which hold historical value. At the end of the eleventh period and the beginning of the twelfth, I wish all representatives of this parliament and the new parliament success and honor.
Money laundering is one of the main accusations that opponents make regarding cryptocurrencies. Hossein Askari previously reported that the share of cryptocurrencies in global money laundering is less than one percent. In this issue, Nafise Mahroughi has gathered evidence showing that the share of cryptocurrencies in money laundering decreased by about 40% in 2023 compared to the previous year. Studying this report will also be useful for understanding and combating money laundering methods.
Until the next issue, stay tuned.
