Iran getting Cozy to Cryptocurrency Mining

Rouhani stated that the energy department, the country ‘s central bank, and also the finance minister will formulate a whole new scheme that welcomes bitcoin miners.

The latest statements from the Iranian President follows Iran’s actions to restrict specific crypto trading platforms over currency smuggling mandates.

Rouhani stated that the energy department, the country ‘s central bank, and also the finance minister will formulate a whole new scheme that welcomes bitcoin miners.

Rouhani’s statements are a tad confusing after the Iranian authorities made it more challenging for international crypto exchanges to operate in cooperation with the country. In essence, the Iranian parliament desires the exchanges that are based in Iran licensed and they’re required to adhere to currency smuggling mandates.

Speculators believe that Iran is attempting to keep finances from being invested abroad as well as wishes to squash capital outflow by placing pressure on Iranian crypto exchanges for dealing with overseas operations.

Related post

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe To Our Newsletter & Support Us

Get the latest research, analysis, and updates on everything tech, blockchian and crypto. 

You have Successfully Subscribed!