Iran One-Ups the United States? Tehran Seeks Crypto Mining Dominance By Cointelegraph

Iran One-Ups the United States? Tehran Seeks Crypto Mining Dominance

Iran One-Ups the United States? Tehran Seeks Crypto Mining Dominance

Crypto mining in Iran is set to become even bigger with the government giving the green light for power plants to mine cryptocurrencies like (BTC). The news is the latest piece of positive development on the virtual currency mining front to come out of the country in the last year.

Since legalizing crypto mining back in July 2019, Iranian authorities have sought to ensure market participants operate only after obtaining the required licenses. By allowing power plants to engage in cryptocurrency mining, Iran is joining other emerging hubs as the global “hash wars” gathers pace.

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