Iranian president tasks central-bank to set out a nationwide crypto mining strategy

• The President of Iran has recently given officials at the central bank a task to come up with a plan for a national crypto mining scheme. 
• A report came out at the end of last week that stated officials were briefed during the 137th session of the economic coordination headquarters of Iran which was chaired by President Hassan Rouhani. 

The President of Iran has recently given officials at the central bank and ministries of energy a task with coming up with a plan for a national cryptocurrency mining scheme. A report came out at the end of last week that stated officials were briefed during the 137th session of the economic coordination headquarters of Iran which was chaired by President Hassan Rouhani. 

Iran has also made a move to include digital assets into its foreign currency exchange regulations as well as its anti-currency smuggling enforcement efforts.

Thanks to this, crypto platforms that have been licensed by the central bank of the nation under the purview of existing regulatory strategies for foreign exchange currencies, especially during times of extreme capital outflows due to the pandemic brought on by COVID-19.

There aren’t many details of this released to the public as of yet in the guards to Irans national cryptocurrency mining strategy. However, Iran has already issued around 1000 licenses to crypto miners around the country and even gave the green light to the Turkish crypto mining company, iMiner. This was in order to establish a 6000 rig facility earlier this month.

The President of the country has even supported creating an alternative currency and potentially it could be digital. This would help loosen the harsh power that the United States sanctions have of specific nations.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!