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

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

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

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

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

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

In addition, at the end of last year, Hassan Rouhani proposed creating a digital currency for Muslim countries in order to use it for mutual settlements and trade instead of the US dollar.

, Telegraph

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

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