18 November 2019

cryptrocurrency

Iranian government moves to authorize cryptrocurrency mining

KONFRONTASI-The governor of the Central Bank of Iran (CBI) has announced that the government is planning to authorize cryptocurrency mining despite the fact that there is no rule allowing its legal trade in the country.  

Abdol Nasser Hemmati said on Wednesday that the government had approved parts of an executive law which would allow cryptocurrency mining, an activity which has become increasingly popular in Iran over the past months mainly due to the relatively cheap prices of electricity.