Digital currencyEconomical

SMS of Tehran Province Justice: Any activity of sub-categorization along with earning profit in the field of digital currencies is a crime


Justice of Tehran province has recently sent an SMS to some mobile phone numbers and reminded them that any profit-making along with membership and pyramid activity in the field of digital currencies is considered a crime.

According to Aruzdigital, the Vice President for Social Affairs and Crime Prevention of Justice of Tehran Province sent a text message to some mobile phone numbers today, in which it was said, “any activity in the field of cryptocurrencies, which involves making a profit along with membership or creating a sub-branch, is an illegal activity.” It is considered a pyramid scheme and a crime.”

In the past, similar text messages have been sent to users by FATA police or even some banks regarding the risks of fraud in the digital currency space. The subject of subdivision or pyramid activities in the field of digital currencies has received little attention from financial institutions or devices.

However, according to which law, the justice of Tehran province considers pyramid activities related to digital currencies as a crime?

According to paragraph “G” of the Law on Punishment of Disruptors in the Economic System of the Country, added in 2004, “Establishing, accepting representation and membership in a company, institution, company or group in order to earn income from the increase of members in such a way that new members for the benefit of individuals “Attracting another person and continuing the development of a human chain or network” is considered a crime.

SMS of Tehran Province Justice: Any activity of sub-categorization along with earning profit in the field of digital currencies is a crime
Paragraph “G” of the Law on Punishment of Disruptors in the Economic System of the Country.

Therefore, since a license for pyramid activity in the field of digital currencies is not issued by any official institution in Iran, such activities are illegal and criminalized.

Average scores 4 From 5

of the total 12 Vote

Leave a Reply

Back to top button