Iranian Central Bank Law to be Amended by New Commission
Iranian media has also revealed that the new management of the central financial institution and Majlis members have agreed to set up a joint fee charged with reforming the CBI regulations. We expect its members to complete a long-delayed replacement for the rule that controls central bank operations soon.
The mining industry is the only part of the crypto industry that has gotten additional attention from regulators. Iranian authorities recognized the extraction of digital currency in 2019 as a legal, economic activity and set up a licensing system for anyone involved in the industry to operate under. After being criticized for electricity shortages over the unusually hot summer, mining farms have had their limitations removed for authorized crypto miners with a capacity of above 50, according to the state-run energy company Tavanir.
