Proposed bill in Iran could ban all foreign-mined cryptocurrencies
Cointelegraph
Published Jul 02, 2021 12:32PM ET
Updated Jul 03, 2021 02:40PM ET
A new bill drafted by the Iranian Parliament Commission on Economy aims to restrict the use of cryptocurrencies within the country while providing a clearer legal framework for miners.
According to a Friday report from the Tasnim News Agency, lawmakers drafted a bill titled “Support for cryptocurrency mining and organizing the domestic market for exchanges,” which the country’s parliament first announced on June 23. If passed, the legislation would make Iran’s central bank the regulatory authority for the exchange of cryptocurrencies in the country.
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Written By: Cointelegraph
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