Iran's Government Recognises Cryptocurrency Mining with Caveat

in #cryptocurrency5 years ago

44.jpgAfter months of debate and speculation, Iran's government has officially recognised cryptocurrency mining as an industry.

Crypto miners run powerful "farms" of computer gear that compete within a global, decentralised computer network to verify transactions made with cryptocurrencies such as bitcoin.

As approved and notified by the government, mining cryptocurrencies is legal both inside and outside metropolises, in addition to free and special trade zones, provided applicants obtain a permit from the Ministry of Industry, Mine and Trade.
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