Iran Legalizes Mining if All Crypto Sold to Central Bank

  • Maxim Hash
  • 10 December, 2024 02:38
Iran Legalizes Mining if All Crypto Sold to Central Bank

Iran officially recognized mining as a legal industry, provided all mined cryptocurrency is sold to the Central Bank. This mechanism ensures financial flow oversight and prevents capital from moving underground. Estimates suggest these transactions may exceed $50 млн by year-end.

For miners, it offers stable demand and less volatility risk. Meanwhile, the state gains a tool to navigate sanctions and bolster its economy. Analysts predict Iran’s crypto liquidity could grow by 15–20% next year, sustaining market balance and fostering related services.

Thus, the new policy enables Iran to leverage mining for national and investor benefits.

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