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Crypto Mining

Iran Formally Permits Bitcoin Mining: Trading Ban Still On

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According to a recent report, the Central Bank of Iran has taken a positive stance as regards bitcoin mining by legalising the mining of the cryptocurrency. However, trading is still banned.

As the country continues to encounter more sanctions from the US, which has led to some financial problems, there have reportedly been arguments concerning the way out and how to increase the amount of fuel available for the local economy.

Although Tehran recognised the mining industry formally in 2018, problems arising due to power consumption has persisted and has now led to a crackdown on operations which has reportedly ...

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