Business And Markets

New Rules for Cryptomining   

New Rules for Cryptomining   
New Rules for Cryptomining   

First Vice President Mohammad Mokhber on Sunday announced new rules for crypto assets, adding some detail to regulations approved in 2019.
Henceforth cryptominers should get special permits from the Ministry of Industries, Mining and Trade and also permission from the ministry for importing equipment. Moreover, the Iran Standard Organization needs to approve the mining devices before it is used. 
The government has provided further details about supplying power to mining centers. Licensed miners are given some options for access to electricity for their farms, including establishment of in-site renewable power plants, using the output of renewable plants, or starting their own small power generators.
For electricity and natural gas miners will have to pay their bills based on export tariffs and must reduce operations by half in the summer season. 


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