RATE Group | Iran Issues Over 1,000 Licences for Crypto Mining + More News
77246
post-template-default,single,single-post,postid-77246,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Iran Issues Over 1,000 Licences for Crypto Mining + More News

27 Jan Iran Issues Over 1,000 Licences for Crypto Mining + More News

Posted at 16:03h in Cryptocurrency News by

[ad_1]

Iran Issues Over 1,000 Licences for Crypto Mining + More News 101
Source: iStock/omersukrugoksu

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Mining news

  • The Iranian Ministry of Industries, Mining and Trade has issued more than 1,000 licenses for cryptocurrency mining units so far. Financial Tribune cites an official with Iran’s ICT Guild Organization, Amir Hossein Saiedi, saying that studies show that the crypto mining industry has the potential to add USD 8.5 billion to the economy, but that the high electricity tariffs and stringent regulations have made the sector less appealing for small investors.
  • Litecoin (LTC) founder Charlie Lee believes that a better way to fund cryptocurrency development is mining pools voluntarily donating a portion of the block reward. Per his Twitter thread, Lee suggested that Litecoin pools donate 1% (LTC 0.125) of block rewards to the Litecoin Foundation, explaining that if every…

[ad_2]

Source link

Tags:
, , , , , ,