Iranian authorities issued over a thousand mining licenses



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Iranian authorities issued over a thousand mining licenses

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The Ministry of Industry, Mines and Trade of Iran has issued more than a thousand licenses for the extraction of cryptocurrencies in the country for six months.

This was stated by the representative of the local ICT Guild Organization, dealing with information and communication technologies, Amir Hossein Saidi Naeyni, reports Bitcoin.com.

According to him, several large mining farms have already been created in Iran, but the main problem for the development of the industry in the country is too high electricity tariffs.

“Working conditions in this industry should not allow large capitalists to enter the mining market,” Naaini said, stressing that changing electricity tariffs could bring Iran a big income.

According to the organization’s research, the cryptocurrency mining industry can bring about $ 8.5 billion to the Iranian economy.

Recall, the Iranian authorities recognized mining as an industrial activity last summer, and in November they talked about new rules for calculating electricity prices for miners.

Iranian authorities issued over a thousand mining licenses



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