Iran legalized mining

Iran Legalizes Crypto Mining?

Iran legalized mining

Iranian Government Economic Commission Approves Cryptocurrency Mining Mechanism To Bring It In Line With Current legislation.

According to a report on the official website of the Chamber of Commerce and Industry, this move is due to the growing popularity of digital coin mining in the country due to cheap electricity. Homayun Haeri, Deputy Minister of Energy, said that in the near future the ministers will separately agree on tariffs for the supply of electricity to mining farms..

The head of the Central Bank of Iran, Abdolnazer Hemmati, also said that, despite the approval of the economic commission, the issue of mining virtual currencies will still be discussed at a government meeting.. Insofar as the authorities are still hesitant about the legalization of mining as a separate industry.

Recently, the Iranian government has openly suppressed the activities of the farms, and last month two of them were even arrested..

Although officials gave preliminary approval for the mining of cryptocurrencies, their position regarding the legalization of operations with them remains unclear. Earlier, the Central Bank proposed to introduce a ban on such payments within the country, but many do not agree with this..

Recall that the Royal Mint of Great Britain will start storing cryptocurrency.

text: Ivan Malichenko, photo: Insurance Day