Iran Officially Legalizes Crypto Mining
Shutterstock
Main page News, Iran, Mining, Regulations, Crypto Market, Cryptocurrency
Hot topic
29 July
386 386

Iran has officially legalized crypto mining activity, iHodl Russia reports.

As it states, the Iranian government has endorsed crypto mining as an industrial activity. However, crypto miners will be obliged to obtain a specific license from the Ministry of Industry, Mine and Trade.

Iran highlights those who decided to use crypto should accept its risks and the government will not provide any guarantees for them.

Earlier iHodl reported that the Iranian government's Chamber of Commerce, Industries, Mines and Agriculture, was trying to fit this new activity within its existing regulatory framework.

In the meantime, 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.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error
Close