Bitcoin & Crypto Mining Could Add $8.5 Billion To Iran’s Economy

Bitcoin (BTC) and Crypto Mining Could Add $8.5 Billion to Iran’s Economy, Officials Grant 1,000 Licenses: Report

“After developing new regulations for its digital assets industry, Iran’s government is now granting over 1,000 licenses for cryptocurrency mining, according to the Financial Tribune.

Several large crypto mining facilities are now operating throughout Iran, but high electricity costs are reportedly keeping smaller players from entering the market.

Amir Hossein Saeedi, an official with Iran’s ICT Guild Organization, tells IBENA News Agency that many residents are interested in setting up their own operations.

He adds that crypto miners must acquire a license from the nation’s Ministry of Industry, Mine and Trade.”

Master Asked on January 26, 2020 in Cryptocurrency.
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