Iranian President instructs government to develop a mining industry development plan

At the 137th meeting of the Department of Economic Coordination of Iran, President Hassan Rouhani instructed the representatives of the Central Bank and the Ministry of Energy, Communications and Information Technology to draw up a plan for a national strategy for the development of the mining industry.

The decree of the head of state follows the recent government decision that the turnover of cryptocurrencies should be equated to the exchange of foreign currency and regulated according to the same rules..

Iranian President instructs the government to develop a mining industry development plan

To combat hyperinflation, the country’s authorities have also previously announced the denomination of the local rial..

Iranian President instructs government to develop a mining industry development plan

So far, there is no information about the details of the future development strategy, but today Iran has already issued more than 1000 licenses for organizing a cryptocurrency mining business, since this industry was included in the list of industrial activities back in July 2019, immediately after its legalization..

In addition, at the end of last year, Hassan Rouhani proposed to create digital currency for Muslim countries to use for settlements and trade instead of the US dollar.

text: Ivan Malichenko, photo: Telegraph

Iranian President instructs government to develop a mining industry development plan

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