Saeed Zarandi, Iran's Deputy Industry, Mining and Trade Minister for Planning, said that the crypto climate in Iran is continuously getting worse due to the U.S. Congress policy against the country, local media Al-Fars reports.
Zarandi pointed out bitcoin (EXANTE: Bitcoin) and other cryptocurrencies could be used as a tool for avoiding sanctions which is why the U.S. apply sanctions against any Iran-related crypto activities.
In the meantime, back in June, Iranian authorities seized 1000 bitcoin mining rigs after the spike of electricity power from two factories.
However, Iran's policy regarding the crypto market is not so obvious. For instance, last year Secretary of Criminal Content Definition Task Force, Javad Javidnia, claimed any cooperation with the Telegram’s upcoming crypto called Gram in Iran "will be classified as a disruption to the national economy."
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