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26 November 2020

Iranian President Calls for Launching a Cryptocurrency Mining Strategy | Mining Bitcoin News

Iranian President Calls for Launching a Cryptocurrency Mining Strategy | Mining Bitcoin News


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Iranian President Calls for Launching a Cryptocurrency Mining Strategy.

On May 20, 2020, Iran’s President Hassan Rouhani told the press that the country needs to spur a cryptocurrency mining strategy, in order for the country to prosper economically amid U.S.

Essentially, the Iranian parliament wants the exchanges that are based in Iran licensed and they are required to follow currency smuggling mandates.

Speculators assume that Iran is trying to keep funds from being spent abroad and wants to squash capital outflow by putting pressure on Iranian crypto exchanges for working with international operations.

However, during certain times of the year, the Iranian government has said that electrical rates could shift for mining operations when electricity demand is high?

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