{"id":8018,"date":"2021-06-09T21:54:39","date_gmt":"2021-06-09T21:54:39","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/irans-president-wants-crypto-laws-and-instructions-implemented-as-soon-as-possible\/"},"modified":"2021-06-09T21:54:39","modified_gmt":"2021-06-09T21:54:39","slug":"irans-president-wants-crypto-laws-and-instructions-implemented-as-soon-as-possible","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/irans-president-wants-crypto-laws-and-instructions-implemented-as-soon-as-possible\/","title":{"rendered":"Iran\u2019s President Wants Crypto \u2018Laws and Instructions\u2019 Implemented as Soon as Possible"},"content":{"rendered":"

Iranian president Hassan Rouhani discussed cryptocurrencies at the most recent meeting of the government\u2019s Economic Coordination Board and told participants that regulatory policy is needed to protect consumers. Rouhani believes the Iranian government should \u201ccommunicate the necessary laws and instructions\u201d as soon as possible so dishonorable crypto businesses are avoided.<\/strong><\/p>\n

Regulation Necessary to Keep \u2018Unprofessional\u2019 Entries Out of Crypto Sector, Iranian President Hassan Rouhani Says<\/h2>\n

On Tuesday, Iranian president Hassan Rouhani made comments toward the cryptocurrency industry gaining ground in Iran and also warned retail investors about the possibility of \u201cunprofessional\u201d entries into this space. Overall, Iran has been friendlier toward crypto-assets and businesses like bitcoin mining than most countries. There have been some issues with electrical consumption,<\/a> but one study<\/a> indicates that Iran is leveraging bitcoin mining to lessen the effect of economic sanctions against the oil-rich nation.<\/p>\n

Iranian president Hassan Rouhani spoke about the cryptocurrency sector on Tuesday.<\/p>\n

Tuesday\u2019s meeting<\/a> of the government\u2019s Economic Coordination Board shows Rouhani is concerned about the cryptocurrency space. Rouhani detailed that Iranian regulators need to monitor the ecosystem and further stressed to the country\u2019s retail investors the risks involved with dishonorable crypto businesses. Rouhani<\/p>\n

\u201cFor legalizing the activity of cryptocurrencies and protecting people\u2019s capital in this area, we must think of a solution as soon as possible and lay down and communicate the necessary laws and instructions,\u201d Rouhani remarked at the Economic Coordination Board meeting.<\/p>\n

<\/p>\n

Iran\u2019s Love and Hate Relationship With Bitcoin Mining<\/h2>\n

Last May, Rouhani instructed<\/a> mining operations in the country to shut down until September 22. At the meeting, the Iranian president noted that authorities need to \u201ccooperate with the media and cyberspace in the field of information, education and public awareness about this phenomenon and its instructions and laws.\u201d<\/p>\n

Two years ago, Chinese miners found extremely affordable<\/a> electric prices ($0.006 per kilowatt-hour) but regulatory guidelines have seen miners deal with fluctuations<\/a>. In mid-July 2020, Iran licensed<\/a> 14 bitcoin mining farms and cut the electricity tariff. Following the licensure, power plants in Iran were authorized<\/a> to mine crypto assets. Not too long after the authorization, the country gave bitcoin miners exclusive access <\/a>to energy from three power plants.<\/p>\n

Things have been up and down in Iran in regard to bitcoin mining in the country and Rouhani\u2019s recent statements could be seen as neutral. Rouhani has served as the president for eight years and faces a chance of losing his seat<\/a> in the near future.<\/p>\n

What do you think about the Iranian president wanting to regulate the crypto industry in Iran? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nMining, bitcoin mining farms, bitcoin mining law, central bank of iran bitcoin, chinese miners, Hassan Rouhani, iran bitcoin, iran bitcoin miners, iran bitcoin mining, iran crypto, iran cryptocurrency, iran sanctions, Iranian President, Rouhani<\/p>\n","protected":false},"excerpt":{"rendered":"

Iranian president Hassan Rouhani discussed cryptocurrencies at the most recent meeting of the government\u2019s Economic Coordination Board and told participants that regulatory policy is needed to protect consumers. Rouhani believes the Iranian government should \u201ccommunicate the necessary laws and instructions\u201d as soon as possible so dishonorable crypto businesses are avoided. Regulation Necessary to Keep \u2018Unprofessional\u2019…<\/p>\n","protected":false},"author":0,"featured_media":8019,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-8018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8018"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=8018"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8018\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8019"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}