MRC Proposes Rewriting Crypto Mining Rules

The Majlis Research Center has called for changes to the crypto currency mining regulations in order to make the industry profitable for miners in particular and the economy in general.
The parliament’s think tank proposed adding a paragraph to the annual budget bill, according to which the Energy Ministry would be required to supply crypto miners with the needed electricity at up to 4,000 rials per kilowatt-hour, except in three months of summer when the power consumption peaks. 
Tax rules for mining units should be the same as other businesses, the body proposes adding that the generated taxes could be used for development of water supply systems in rural areas.