RE: Iran Recognizes Bitcoin and Crypto as an Official Industry
” The Iranian government’s Economic Commission has approved a mechanism of cryptocurrency mining in the country, according to an announcement by the Iran Chamber of Commerce, Industries, Mines and Agriculture on July 22.
… Also yesterday, Deputy President of the Islamic Republic of Iran Customs Administration (IRICA) Jamal Arounaghi announced that the agency has not yet issued licenses for the import of cryptocurrency mining equipment. The minister said that if the government authorizes import of crypto miners, IRICA will develop related directives.
In contrast, an Indian government panel recommended today to ban cryptocurrencies and impose sanctions for any dealings involving crypto assets in the country. ”
I was just reading about this while browsing ccn, seems there’s a lot of mining going on over there which one doesn’t immediately think of when they think of “Iran”.
“Iran is one of the countries where crypto-mining is the most profitable. due to cheap electricity prices and subsidies. For this reason, over the past few years, a wave of miners flooded the country, causing severe problems in the distribution of energy across many regions. This led the country to actively persecute this activity —a decision that did not stop the miners but made them go underground.”