Iran Licenses Crypto Mining as Industrial Activity

For Iranian cryptocurrency miners, a registration regime is now in place. The Iranian government has decided to license and legalize mining as an industrial activity, reported the MNA news agency. From now on, mining activity will be registered under the rules of the Ministry of Industry, Mining and Trade.

Using (BTC) is still banned on the internal market. Iran has stipulated no one can receive compensation for losses incurred in using BTC.

The news of newly legalized mining arrives about a month after Iranian authorities seized hundreds of mining rigs. The state’s electricity company noticed a 7% spike in electricity consumption in June, at a time of near-…

This article appeared first on Cryptovest

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