Iran government officially permits cryptocurrency mining

According to a report by the Nihon Keizai Shimbun, President Rouhani announced in a Iranian cabinet that it would accept a cryptocurrency mining business.

Mining has become possible with the approval from the Ministry of Industry of Iran.

Since Iran, a country that produces oil, has a lower electricity bill than other countries, mining operations that consume a huge amount of electricity have been actively conducted.
As a result, the Iranian government had banned mining, and the buying and selling of cryptocurrency itself was illegal.

This decision has raised the view that cryptocurrency trading in Iran will be lifted in the future.

Only cryptocurrency mining was accepted this time, but it seems to be related to economic sanctions by the United States.

In Iran, after the US Trump administration announced its withdrawal from the Iran nuclear agreement in 2018, the Iranian side has deepened the gap between the two countries, such as raising the nuclear enrichment limit that was determined by the agreement as a countermeasure.

North Korea, which is also developing nuclear weapons and is subject to economic sanctions, seems to be paying attention to cryptocurrency as a means of acquiring foreign currency, and at the United Nations Security Council, North Korea It has become clear that hacking to about 500 million dollars has been earned.

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