Business And Markets
0

Gov’t Allows Cryptocurrency for Imports

Gov’t Allows Cryptocurrency for Imports   Gov’t Allows Cryptocurrency for Imports

Iran’s government on Saturday ratified regulations for legal cryptocurrency mining, as per which cryptocurrency mined by authorized miners would be used for imports. 
The measure proposed by the Central Bank of Iran and Ministry of Energy, requires licensed cryptominers to sell the coins they mine directly to the CBI, IRNA reported. 
The Ministry of Energy is tasked with defining a ceiling for output of authorized crypto units subject to the energy consumed by each unit. Miners' output should not exceed the ceiling. The CBI said it will announce details soon. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com