Cryptocurrency Mining Legalized in Iran by the Economic Commission

cryptocurrency mining

After several weeks of speculation, the Economic Commission of Iran has finally approved cryptocurrency mining as an industry in the country.

On July 22 the Chamber of Commerce, Industries, Mines and Agriculture made an announcement approving crypto mining. The Commission indicated that the Iranian government was seeking ways of regulating the mechanism of crypto mining within the country’s legal structure.

Parts of Executive Law Approved to Allow Mining

In a statement, Abdolnaser Hemmati, the Central Bank Governor of Iran, stated that cryptocurrency mining has been approved by the economic commission of Iran, and the …

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