Iranian President Orders Govt to Draw Up a National Crypto Mining Strategy

Iranian President Orders Govt to Draw Up a National Crypto Mining Strategy
фото показано с : beincrypto.com

2020-5-23 09:15

In a surprising move, Iranian President Hassan Rouhani wants the government to further explore cryptocurrency mining.

Rouhani told officials at the Central Bank of Iran that they needed to create a national strategy for cryptocurrency mining. This includes regulations and estimates for mining revenues. The story was first reported by Iranian news site ArzDigital on Wednesday. 

The story is undoubtedly one of the most direct confirmations that the Iranian government is taking cryptocurrency mining seriously. Last year, Iran made headlines for officially legalizing cryptocurrency mining.

Due to the country’s cheap electricity prices, many mining operations have been set up there in the past few years. Whereas officials first cracked down on the practice as wasteful, they now see an opportunity. For better or worse, cryptocurrencies also allow the Iranian government to circumvent sanctions, which has been crippling them for years now.

Iran currently has around 4% of Bitcoin’s entire hashrate, as per the Bitcoin Mining Map. This has been steadily growing over time and was around 2% in September 2019.

The post Iranian President Orders Govt to Draw Up a National Crypto Mining Strategy appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Speed Mining Service (SMS) на Currencies.ru

$ 1.9622 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $1.9622 - H: $1.9622
Капитализация $205.406k Rank 99999
Доступно / Всего 104.68k SMS

mining cryptocurrency rouhani iranian national strategy president

mining cryptocurrency → Результатов: 126


Фото:

Germany: Six Arrested in Illegal Crypto Mining Operation

German police have arrested six members of a mining ring who were making use of stolen electricity to mine currency since 2017, as reported by Freie Presse, February 6, 2019. Hijacked Power While people around the world enjoy using cryptocurrency, the actual process of mining crypto is quite tedious and more importantly, expensive, particularly inRead MoreRead More.

2019-2-9 06:00


Фото:

Japanese IT Giant GMO Quits Selling Crypto Mining Equipment after Market Slump

Per a report published on December 25, 2018, Japanese internet giant GMO has decided to call off their business of manufacturing and selling cryptocurrency mining machines. Market Slump to Blame for Declining Profits According to the report, GMO’s in-house mining business profitability took a major beating due to the declining cryptocurrency prices.

2018-12-28 09:00


Фото:

Regulations Round-Up: SEC “Underwhelmed” by Exchanges’ Reporting, Quebec Halts New Mining Operations Again

In recent regulatory news, Brett Redfearn, the director of the United States Securities and Exchange Commission (SEC)’s Division of Trading and Markets, has described the self-reporting efforts of cryptocurrency exchanges as “underwhelm[ing],” Hydro-Quebec has again suspended new applications from mining companies seeking to operate in the province, and the SEC has published a new page […] The post Regulations Round-Up: SEC “Underwhelmed” by Exchanges’ Reporting, Quebec Halts New Mining Operations Again appeared first on Bitcoin News.

2018-6-12 16:24