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Rouhani administration legalizes cryptocurrency mining in Iran

Bitcoins

The Rouhani administration’s Economic Commission has legalized cryptocurrency mining, Iranian media reported on Tuesday, July 23, quoting Economy Minister Farhad Dejpasand.

Dejpasand told reporters that the administration recognizes cryptocurrency mining and allows the import of bitcoin mining machines.

However, the matter needs to be discussed at a cabinet meeting, he said.

Earlier in July, the Iranian judiciary had said that cryptocurrency mining is legal but people need to get a license for it.

However, the Central Bank of Iran under the Rouhani administration had strongly opposed the idea and called for a ban on cryptocurrency mining.

The reason for the change of mind among members of the Rouhani administration is still not known.

Last Modified: Thursday، 25 July 2019 04:16 AM
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