Iran Starts Licensing Crypto Miners Under New Regulatory Framework

The government of Iran has reportedly started issuing licenses to crypto miners under the new "comprehensive and detailed" regulatory framework approved last week. The authorities previously issued licenses to a number of crypto mining operations but halted the process due to power consumption and illegal mining issues. Sharing some details of the newly approved crypto regulatory framework, Mohsen Rezaei Sadrabadi, secretary of the government’s working group on cryptocurrency, said that mining centers can now apply for a license and use mined cryptocurrencies to pay for imports. He explained that the Ministry of Industry, Mine, and Trade is responsible for issuing licenses to crypto miners, adding that the new regulatory framework has provisions that address large-scale crypto mining operations. There are also provisions about energy supplied to the mining industry, with renewable energy as a priority.