Iran Allows To Mine Cryptocurrencies

1 min reading
Iran Allows To Mine Cryptocurrencies

One of Bitcoin's main opponents, Iran, while allowing BTC to be mined, will still not allow for the trade of it.

Iran and cryptocurrencies

According to Press-TV and some other sources, the Iranian central bank plans to legalize the mining of cryptocurrencies after the last few months in the country that were rather nervous. Iran still has to deal with US financial sanctions. Some have advised the country that cryptocurrencies may be somehow not only a way out of the biggest crisis, but it can also speed up the country's economy. Tehran regarded the mining of cryptocurrencies as a branch of industry in 2018, but energy consumption led to the situation in which doubts were quickly raised about this practice. According to some sources, the most active miners used the energy provided by mosques.

Change of opinion

Officials recently suspended this dispute, believing in the need to explain it only when new electricity prices are clarified.
Mining crypts should be based on the price of electricity. What is more important, although, is the fact that the mined coins should be the reaction to the national economic cycle.
- believes Abdol Nasser Hemmati, the head of the Iranian central bank. In the last week, one of the Iranian government members admitted that he knew about Chinese operations on cryptocurrency mining in Iran. Minister of Communications and Technology, Mohammad Javad Azari Jahromi, claims that private companies can still operate locally for this purpose:
The Chinese government is not considering participation in the mining of cryptocurrencies in Iran. Nevertheless, there is no guarantee that private individuals will not be involved.

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Tokeneo TEO OU. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is TOKENEO TEO OÜ (an Estonian law limited liability company) with its registered offices in Tallinn (in the province of Harju Maakond), at 19-7K Maakri Street (in the district of Kesklinna Iinnaosa), 10-145 Tallinn, Estonia, registered on 21.12.2018 in the Estonian Business Register under number 14630242, using the EU VAT number: EE102149487.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.