The government of Iran has reportedly started issuing licenses to crypto miners under the new “comprehensive and detailed” regulatory framework approved last week. The authorities previously issued licenses to a number of crypto mining operations but halted the process due to power consumption and illegal mining issues.
Based on the rulings by the government, the entities that apply to mine crypto assets can get an establishment license and an operating license. A pair of licenses are needed before an entity can start mining cryptocurrencies in Iran: an establishment license and an operating license. The former establishes the entity as a legal crypto miner while the latter allows it to actually start crypto mining.
Sharing some details of the newly approved crypto regulatory framework, Mohsen Rezaei Sadrabadi, secretary of the government’s working group on cryptocurrency, said that mining centers can now apply for a license and use mined cryptocurrencies toHe explained that the Ministry of Industry, Mine, and Trade is responsible for issuing licenses to crypto miners, adding that the new regulatory framework has provisions that address large-scale crypto mining operations.
In addition, Rezaei Sadrabadi noted that the government has decided to make the central bank the primary regulator of the crypto sector. However, he believes that crypto regulation should be multi-dimensional and one regulator should not oversee the entire sector as the crypto ecosystem comprises more than just cryptocurrencies.crypto trading inside the country but the government legalized crypto mining as an industry.
locgame
Bosticcoin
Sounds good
Bitgert
Ok Iran. I see you. Grab some $mikoto when you can. Get in early is the key
🚀 Thnks a millon
🚀 Thnks a millon