Hassan Rouhani approached Iran’s Economic Coordination Headquarters with the intention of having them develop a new national approach to the crypto-mining industry.
Rouhani is an Iranian politician. He also serves as the current and seventh president of Iran since August 3, 2013.
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The Economic Coordination Headquarters
This Coordination is a regional intergovernmental organization established Bitcoin Era, Bitcoin Profit, Bitcoin Trader, Bitcoin Billionaire, Bitcoin Evolution, Bitcoin Revolution, Bitcoin Circuit, Bitcoin Code, Immediate Edge, The News Spy in 1985 by Iran, Pakistan and Turkey. Its purpose is the promotion of economic, technical and cultural cooperation among all its member states.
The 137th session of the Government’s Economic Coordination Headquarters was held on Tuesday under the chairmanship of Hassan Rouhani.
At this seminar, Rouhani told officials from the Central Bank of Iran (CBI), the Department of Energy and the ministries of Information and Communication Technology that:
„They should devise a new national strategy for crypto-currency mining, including its regulation.
Following the meeting of the Government’s Economic Coordination Headquarters, the method of repaying foreign currency loans from investors in the electricity industry to the National Development Fund was reviewed.
As a result, the issue should be considered in the specialized commissions for the final solution of the problems and the result should be presented to the government.
Finally, the President emphasized that: „The necessary priorities should be considered in the allocation of foreign exchange, including commodities.
Information on this seminar came out shortly after the Iranian parliament published a draft law proposing to apply the country’s strict foreign exchange smuggling regulations to crypto-currency mining.
Iran could ban Bitcoin for payments, according to the country’s central bank
Iran and the Legalization of Kryptonian Mining
The Economic Commission of the Iranian government is made up of representatives from the chambers of commerce, industry, mines and agriculture.
On July 22, 2019, a mechanism for the mining of crypto-currencies was approved.
This decision came after the Iranian government recognized the benefits that companies can bring to the country’s economy.
The Governor of the Central Bank of Iran, Abdolnaser Hemmati, commented on the matter:
„A mechanism for Kryptonite Mining has been approved by the government’s economic commission and will be discussed later“.
The Governor of the Central Bank of Iran, Abdolnaser Hemmati
Remarkably, Iran is becoming one of the main centers of adoption of crypto-mining.
Both the government and citizens of Iran are increasingly turning to decentralized technology to circumvent the economic blockade.
Will Iran be able to regulate crypto-mining after this new strategy?