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

  • Alex Dovbnya
    📰 News

    Iran has recognized cryptocurrency mining as a separate industry. The official regulations are already in the offing. Shortly after this BTC surpassed its all-time high


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

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.
 

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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