According to the Iran Chamber of Commerce, Industries, Mines and Agriculture, the Iranian government has approved a mechanism of cryptocurrency mining industry in the country.
Abdolnaser Hemmati, the governor of the Central Bank of Iran (CBI), has said that a mechanism to mine cryptocurrencies has been put into place by the government鈥檚 economic commission and will later be put to discussion with the Cabinet which will ultimately decide on its final approval.
The authorization of Bitcoin and Cryptocurrency mining was initially discussed in July when the CBI governor announced the plan that would effectively regulate the cryptocurrency mining activities in the country.
Hemmati acknowledges the fact that cryptocurrency mining might proved to be a lucrative endeavor in the country given the abundant energy resource of the country however he argues that cryptocurrency miners should contribute to the country鈥檚 economy not the other way around.
