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Iran Recognizes Crypto Mining as Industry

Iranian government's economic committee officially approved cryptocurrency mining as an industry on Sunday. The government now is looking for ways to regulate this activity within national legislation framework.
news - Iran Recognizes Crypto Mining as Industry

Iranian government’s economic committee officially approved cryptocurrency mining as an industry on Sunday. The government now is looking for ways to regulate this activity within national legislation framework.

“A mechanism to mine digital coins was approved by the government’s economic commission and will later be put to discussion at a cabinet meeting,” Central Bank of Iran governor Abdolnaser Hemmati said.

According to deputy minister energy for electricity and energy  Homayun Haeri, government ministers will vote on a measure to approve an electricity rate for mining farms.

As a reminder, the Iranian government has called into question whether to approve of mining as an industry or not. Last month, two mining farms were seized and shut down by authorities.

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