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July 11, 2019
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The government of Iran had approved some parts of an executive law which should allow crypto mining in the state, reports PressTV citing Abdol Nasser Hemmati, the Governor of the Central Bank of Iran (CBI).

Hemmati highlights mined cryptos should be fed back "to the national economic cycle."

"Mining of the international digital currencies should be done based on the price of electricity for export. What’s more important is that these mined currencies should be fed back to the national economic cycle," Hemmati said.

However, according to PressTV, Iran would not allow any cryptos in Iran whose values are based on the price of the national currency rial or gold or other assets.

Previously iHodl reported that 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.

Back in June, Iranian authorities seized 1000 bitcoin mining rigs after the spike of electricity power from two factories.

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