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The Iranian government approves the development of cryptocurrency mining thus attempting to give a new impetus to its economy and to mitigate the consequences of the sanctions imposed by the United States.
Abdolnaser Hemmati, head of the country's central bank, pointed out that "the mechanism for extracting digital currencies has been approved by the government's economic commission", which should be discussed within the cabinet, announced Sunday the Chamber of Commerce and Industry Mining. and agriculture.
For its part, Elyas Hazrati, head of the commission, said that cryptocurrency is already "recognized by the government as being official ", and that "the "energy prices" for its production are "equal to those of exported energy". In addition, he baderted that "the income obtained can be used to buy foreign currency" and thus overcome the "difficulties" that Iran faces because of the imposition of sanctions by the United States
. Homayun Haeri, vice minister of Energy, said that a proposal to to apply electricity export rates used by minors had been approved – although the debate is still missing. Its cost will depend on market factors, such as the price of fuels in the Persian Gulf.
The green light given to the development of the cryptocurrency operation had already been introduced by Hemmati at the beginning of the month, since the activity It had increased because of the low prices of electricity. This had led to the extraction of bitcoins at an unprecedented level, as miners benefited from the subsidy for electrical service, for example in factories or greenhouses to obtain virtual currencies.
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