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Iranian Government Gives Green Light to Cryptocurrency Mining, Bitcoin Immediately Skyrockets on Local Exchanges

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Wed, 5/09/2018 - 15:15
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Iranian Government Gives Green Light to Cryptocurrency Mining, Bitcoin Immediately Skyrockets on Local Exchanges
Cover image via U.Today
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According to a local media outlet IBENA, Iran has recognized cryptocurrency mining as a separate industry. The official regulations are already in the offing.

Shortly after this announcement, Bitcoin (BTC) briefly surpassed its all-time high, reaching around $24,000 on the Exir exchange, while Ethereum (ETC) spiked to $900.  

Earlier, U.Today reported that Tehran had already introduced the draft of its government-backed cryptocurrency for circumventing the economic sanctions imposed by the US. Moreover, the Central Bank of Iran is planning to lift its crypto ban this September.
 

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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