Business And Markets

1,000 Cryptocurrency Miners Given Permits

1,000 Cryptocurrency Miners Given Permits1,000 Cryptocurrency Miners Given Permits

The Ministry of Industries, Mining and Trade has issued 1,000 plus licenses for cryptocurrency mining units so far, an official with  Iran’s ICT Guild Organization said. 
A limited number of authorized mining farms currently are active across the country. 
"Our studies show that the crypto mining industry has the potential to add $8.5 billion to the economy…but high electricity tariffs plus stringent regulations have made the sector less appealing for small investors," Amir Hossein Saiedi was quoted as saying by IBENA.


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