#libra#Binance
20/09/19 10:30 UTC-4

Iranian authorities will force miners to obtain licenses every year

Iranian authorities want to issue cryptocurrency miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
licenses to miners annually. Crypto-businessmen, among other things, will be forced to disclose their assets and lease agreement.

 

Iran licensed miners

CoinDesk reviewed the draft law, which should regulate the activities of miners in Iran. According to the plan, miners will receive licenses for a period of 1 year. That is, they will have to go through the registration process every 12 months.

Registration itself will require miners to indicate the estimated cost of their investment in the business, the lease, the cost of equipment and the duration of the mining activity.

It is planned to issue licenses only to miners whose equipment consumes more than 30 kilowatts of electricity. So, small cryptocurrency miners will not have to go through a bureaucratic process.

Interesting in the section: Crypto Mining "Farms"

  • Gate Trade interviewed 1,650 Iranian crypto-enthusiasts. Of these, 35% earn on cryptocurrency mining. Their income ranges from $500 to $3000 per month

 

See also: "Argo Blockchain has installed 1000 new cryptocurrency mining machines"

#Iran #Mining #Cryptocurrency #BTC #Bitcoin

Editor: Yuliya Soroka
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