29 Mar 2024
Saturday 25 January 2020 - 15:22
Story Code : 368836

1,000 cryptocurrency miners given permits

Financial Tribune - The Ministry of Industries, Mining and Trade has issued 1,000 plus licenses for cryptocurrency mining units so far, an official with Irans ICT Guild Organization said.

A limited number of authorized mining farms currently are active across the country.

"Our studies show that the crypto mining industry has the potential to add $8.5 billion to the economybut high electricity tariffs plus stringent regulations have made the sector less appealing for small investors," Amir Hossein Saiedi was quoted as saying by IBENA.
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