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Challenges and Legal Aspects of Financing Projects Through Cryptocurrencies in Iran

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  • Sayed Mohammad Mousavi
  • Yazdan Shahin Rad

Abstract

Purpose: In this article, the objective is to clarify the uncertainty surrounding the significant elements of using digital currencies to fund national projects, especially infrastructure projects and the transfer of knowledge and technology to the country, a particular focus. Design/Methodology/Approach: The present study utilizes a qualitative methodology suitable for descriptive and exploratory studies to accomplish its objectives. As a result of this approach, the researchers will be able to comprehensively analyze the existing literature on the operational and legal complexities associated with cryptocurrencies. Findings: The legal part also aims to highlight the significant results and recommendations for the readers and policymakers to overcome the legal challenges and achieve the ultimate goal of this technology, taking into consideration the risks associated with this digital asset of exchange. Practical Implications: Blockchain technologies offer new open source-based opportunities for developing new types of digital platforms and services. While research on the topics emerging, it has this far been predominantly focused to technical and legal issues. in continues pinpoints the most pressing legal issues concerning this virtual form of money. Originality/Value: In this connection, researchers in different parts of the world have endeavored to reach and present their findings along with their suggestions and recommendations to improve the current status of this relatively nascent technology.

Suggested Citation

  • Sayed Mohammad Mousavi & Yazdan Shahin Rad, 2023. "Challenges and Legal Aspects of Financing Projects Through Cryptocurrencies in Iran," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 13(4), pages 127-151.
    • Handle: RePEc:ers:ijfirm:v:13:y:2023:i:4:p:127-151
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    More about this item

    Keywords

    Blockchain; cryptocurrency; financing methods; state policy; decentralized system; cybercrime.;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • G0 - Financial Economics - - General

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