Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned
(WorldNews China)

According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into the Iranian economy. Also read: Bitcoin Miner Recounts Struggle to Obtain Cheap Iranian Power Chinese Miners Negotiate With Iranian Leaders to Set Up Mining Operations in the Free Trade Zones In December 2018, there were reports of miners stemming from China, Spain, Ukraine, Armenia, and France to mine bitcoin in the oil-rich nation of Iran. The Middle Eastern country has extremely cheap electricity...