Iran allows crypto mining, but prohibits crypto transactions

With 195 countries in the world, each of them has the right to decide freely and as it sees fit. For this reason, we are also witnessing an unusual proposal by Iran a few days ago, when cryptocurrency mining will be allowed in the country, but crypto transactions themselves are banned. The feelings from the decision are relatively unclear as these details to regulate cryptocurrencies have leaked to the public, according to a leading Iranian news agency. The government is also making plans to develop its national cryptocurrency.

As we wrote above, the country completely bans crypto transactions, but as it prepares its own national cryptocurrency, we can deduce that the government already has a plan for citizens to use only one cryptocurrency, the national one, with the central regulator of course the Iranian central bank. Iran is serious about crypto mining, as the authorities recently issued up to 30 new official licenses for the centers.