Iran makes it official with crypto mining
Iran has allowed cryptocurrency mining as an official business. According to a high-ranking executive, all related organizations have already accepted it.
Iran has historically been quite controversial in its attitude towards cryptocurrencies. In April the country forbade banks from touching Bitcoin as well as other digital currencies. A several months later, though, a central bank official told that the ban is expected to be changed in September.
Now, the country’s companies have purportedly accepted cryptocurrency mining as an industry.
As was reported, Abolhassan Firouzabadi, the Secretary of Iran’s Supreme Council of Cyberspace, declared that institutions such as the Information Technology, Ministry of Communications, the Ministry of Energy, the Ministry of Industry, Mining and Trade, and the Ministry of Economic Affairs have already accepted on the above. Still, an official law has yet to be developed and introduced.
Speaking on the topic, Abolhassan Firouzabadi also emphasized on the advantages that a statewide cryptocurrency could have for the country’s commerce partnerships. That is very important amid the economic situation, as the nation is facing imminent US penalties.
According to Firouzabadi, the regulatory framework and the definitive policies administering trade will come out till the end of September.
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