RATE Group | Iran Recognizes Bitcoin and Crypto as an Official Industry, Says MP
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Iran Recognizes Bitcoin and Crypto as an Official Industry, Says MP

22 Jul Iran Recognizes Bitcoin and Crypto as an Official Industry, Says MP

Posted at 17:24h in Bitcoin News by

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The Iranian government’s Economic Commission has approved a mechanism of cryptocurrency mining in the country, according to an announcement by the Iran Chamber of Commerce, Industries, Mines and Agriculture on July 22.

Iran’s Economic Commission approves crypto mining ‘mechanism’

Governor of the Central Bank of Iran (CBI), Abdolnaser Hemmati said that “a mechanism to mine digital coins was approved by the government’s economic commission and will later be put to discussion at a Cabinet meeting.”

Initially, Iranian authorities announced that they are planning to authorize Bitcoin and cryptocurrency mining earlier in July, when the CBI governor Abdol Hemmati reportedly claimed that the Iranian government had approved some parts of an executive law that would authorize mining of cryptocurrencies in Iran.

At the time, Hemmati argued that digital currency miners in Iran should contribute to the country’s economy, rather than letting mined Bitcoin (BTC) escape abroad.

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