Iran Now Accepts Cryptocurrency Mining As A Legitimate Industry, Local Sources Report.

Iran Now Accepts Cryptocurrency Mining As A Legitimate Industry, Local Sources Report.

An Iranian news agency focuses on baking and local economic development, IBENA. Recently it had been found that cryptocurrency mining has been approved in Iran as an industry.
In the past few months, there have also been statements of working on producing a state-backed virtual currency for Iran.

Clarified Stance On Cryptos Expected By End Of September

The Secretary of Iran’ supreme council of cyberspace, Mr. Abolhassan Firouzabadi said, the national cyberspace center is working almost with Iran’s central bank to control the activity linked to cryptocurrency in the country

The central bank of Iran has proclaimed its “Definite” stance on cryptocurrency at the end of the month. The Secretary of Iran’ supreme council of cyberspace, Mr. Abolhassan Firouzabadi also proved that the country’s national cryptocurrency would be used as ” a financial transaction tool with Iranian trading partners”, in order to bypass US-led economic sanctions on the so-called rogue state.

Crypto Mining Officially Approved As Industry

In addition, IBENA presented vital information about the approval of crypto mining Iran as a lawful industry.
Possibly, only Government allowed agencies and organizations can be authorized to participate in mining cryptocurrencies, considering that local citizen is still forbidden from the join activity related to crypto.
However, there have been reports of Iranian citizens who are doing business and investing cryptocurrency.

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