According to the Secretary of the Supreme Council of Iran on cyberspace Abolhassan Firouzabadi, the government of the country recognized the cryptocurrency mining as a separate industry. This is reported by the local agency IBENA.
The official noted that the cryptocurrency mining was recognized as a separate industry by such departments as the Ministry of Information and Communication Technologies, the central bank, the Ministry of Industry, Resources and Trade, the Ministry of Energy and the Ministry of Economy and Finance. However, the regulatory framework for mining has not yet been developed.
It is also reported that the National Center for Cyberspace of Iran and the Central Bank of the country will submit final rules for the creation of blockchain startups, crypto trading and other activities related to cryptocurrencies before the end of September.
Abolhassan Firouzabadi added that Iran's national cryptocurrency can be used as an instrument of payment with economic partners and friendly states, and will also circumvent US sanctions.
At the end of August, the National Center for Cyberspace of Iran announced the completion of work on the draft national cryptocurrency.