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Crypto Mining

Iran Formally Allows Bitcoin Mining Despite Trading Ban



Iran will adopt a strangely paradoxical stance on Bitcoin as it legalizes mining while maintaining a ban on trading. 

Central Bank: Bitcoin Mining ‘Should Be Done’

According to local media outlet Press-TV and others, Iran’s central bank plans to allow cryptocurrency mining some legal freedom following an uncertain few months. 

As Iran battles increased US sanctions and associated financial turmoil, sources have argued cryptocurrency offers a way out of the mess, along with increased fuel for the local economy. 

Tehran had formally recognized mining as an industry in 2018, but concerns about power consumption had resulted in ...

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