Miners In Iran May Be Part Of A New Registration System Soon

The country and cabinet of Iran is apparently looking into a new proposal which will help crypto miners in the country to register their cryptocurrency on an annual basis. As the latest cryptocurrency news show, the miners in Iran would license their work and provide more information on employment, rent agreements and other business activities – through licenses.

First reported by Coindesk on September 19, a draft proposal to register crypto mining operations in Iran is apparently on its way to official approval in Tehran. The requirements and licenses are designed for miners in Iran to prevent any unsavory activities, all while helping the government control the mining activity and other activities related to crypto.

The reports also showed that based on surveys of more than 1,600 crypto miners in Iran carried out by the analytics firm Gate Trade, even 35% of the respondents claimed to have earned income through mining and 70% of them were interested in learning more about the local mining businesses in the country.

In times when Iran is facing international sanctions and inflation which are economic factors that resulted in a rise in national misery, there are more and more crypto miners in Iran, the best cryptocurrency news sites reported.

In recent months, there has been a lot of buzz surrounding the Iranian government, too. Its attitude towards cryptocurrency is said to be a major game changer and something that could bring a lot of positive news in the country’s crypto communities.

In June this year, Iran’s Ministry of Energy said that they would be cutting off power to mining operations using the country’s energy grid – all until special pricing went into effect. A month later, the coming altcoin news showed that the special pricing was finalized and miners in Iran were expected to pay $0.07 per kilowatt-hour, which compares to $0.05 for most citizens.

At the end of July this year, the country authorized cryptocurrency mining as an industrial activity. And while the cabinet rejected the use of cryptocurrencies in transactions at the start of August this year, Iran’s National Tax Administration did agree to exempt the repatriated crypto mining earnings from taxation.