Iran to accept Crypto Mining as an Industry

Iran to accept Crypto Mining as an Industry

Iran’s Supreme Cyberspace Council revealed that various ministries of the country’s government have accepted crypto mining as an industry, local news agency IBENA reports September 4.
The Cyberspace Council’s secretary Abolhassan Firoozabadi stressed that the mining of cryptocurrencies such as Bitcoin (BTC) has been approved as an industry by major government authorities. However, official legislation forming a legal framework for the industry has yet to be introduced in the country.

‘crypto mining has been accepted as an industry by Iran’s major authorities, including the Ministry of Information and Communications Technology, the Central Bank, the Ministry of Industry, Mine and Trade, the Ministry of Energy, as well as the Ministry of Economic Affairs and Finance’ he said.

The secretary reportedly claimed that the relevant authorities will introduce a regulatory framework for crypto-related startups and firms in late September.

Source: Cointelegraph News

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