Ma`rifat Eqtesadi

Although more than 14 years have passed since the creation of the first cryptocurrencies, countries have not yet reached a consensus on how to deal with them. Using the analytical method in this article, we explained the framework of policy making in the ecosystem of cryptocurrency based on the jurisprudence method of social systems. According to the findings, politicization of cryptocurrencies based on the system jurisprudence method should be done according to goals and principles such as popularization of the economy, realization of the goals of the Islamic economic system, the rule of “negation of domination” (Nafy-e- Sabil) and limiting the monetary governance of the jurist at the two levels of politicizing existing cryptocurrencies and designing new cryptocurrencies. For the existing cryptocurrencies, we suggested imposing restrictions on high-risk cryptocurrencies, monitoring and controlling transactions, authentication, and designing regulatory and tax rules. In the design of new cryptocurrencies, our proposal includes two parts: tokenization of assets and creation of unbacked cryptocurrencies. In the first part, tokenization of raw materials, determining the standards of the regulatory test environment, creating regulatory and tax bases are prioritized. In the second part, the establishment of public blockchains in the regulatory test environment, the design of tax collection mechanisms, the requirement of wallets and platforms to comply with anti-money laundering regulations, the definition of credit created as a global or regional crypto-asset and internally in the form of complementary money and the establishment of financial institutions for this ecosystem is proposed.