According to recent reports from Iran, the country’s government is reportedly making a move that will benefit crypto miners by granting them over 1,000 mining licenses.
New development in Iran favors the crypto mining industry
Governments around the world are making significant progress with regulating the crypto industry, especially with regards to overseeing crypto mining operations.
Topping the news this week is a report that Iran has permitted over 1,000 crypto mining licenses to domestic crypto businesses. This mostly includes large mining farms which are currently the only ones who can afford the hefty electricity bills.
The news comes from Amir Hossein Saeedi Naeini, an official with ICT Guild Organization. According to him, the country’s crypto mining industry is still new, although many believe that it has major potential,…
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