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Crypto sees forced deportation of Iran in mining operations

2019-07-08 03:06 pm | Resource: News Section | No Views : 86

Crypto sees forced deportation of Iran in mining operations The United States wants to keep Iran away from Crypto after news of possible new economic sanctions to keep it out of the uranium project.
Said Saeed Zerandi, Assistant Minister of Industry, Trade and Supply of Iran, said the US Congress is working to prevent the arrival of Iran to the mining of digital currency at the moment, according to local news service knight, Saturday, July 6.
According to Zarandi, Congress considers Crypto a tool for evasion of sanctions and money laundering, and thus tries to legislate against Iran's access to it, complicating Iranian legislation.
Commenting on the fact that the digital currency issue remained unresolved in Iran, Zarandi reportedly said that the Iranian ministries were working with the Central Bank of Iran to settle the issue of digital currency and use it in Iran.
In December 2018, the House of Representatives and the Senate introduced bills aimed at illegal Iranian financing including digital currency, according to newspaper reports at the time. As of press time, neither of them has been passed.
At the end of January of this year, the Central Bank of Iran announced plans to introduce the national encrypted currency at a conference in Tehran. Although it is theoretically similar to Petro, the domestic national currency is veiled in Venezuela, but this new currency, PayMon, does not seem to have gained much momentum.
Recent news has indicated that the Iranian government is itself contradictory to mining. At the end of June this year, the Iranian authorities seized about 1,000 machines used for Bitcoin mining.
This came in the wake of announcements by the Energy Department that it plans to cut off electricity from suspected mining operations and take advantage of subsidized electricity in the country, press reports said.
Currently, Crypto is a strong weapon in the financial market, after the surge in prices that began in April last year, as the market began to rebound, and many major international companies resorted to this market to achieve more profits, The biggest example of this is the Facebook social networking site.

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