Crypto Currency in Iran

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Crypto Currency in Iran

Nowadays crypto currency in Iran have become so popular among many different countries. Around the beginning of 2000s, the crypto currency exchange businesses had been shut down one by one. The first investigation was made in the UK on these unofficial businesses and due to lack of any confirmed licence from any authorities, the first shut down case had happened.

Then US had started search what the crypto currency exchange businesses were indeed and how they work. As a result of their deep investigations, the authorities had ended up again one more shut down. Because as an authority, US did not have any proper political background to support these innovative businesses.

Transformations for Crypto Currency in Iran

Transformations for Crypto Currency in Iran

Recently many countries have been transforming their political structure in order to provide a fertile ground for the crypto currency in Iran of exchange businesses. Moreover many significant figures on the public eye, have started to invest in these kind of businesses.

One of those countries that have started to discover possibilities of the crypto currency exchange business is Iran. Nowadays Iran has been continuing to look for some options in order to be able to use these crypto currencies in Iran. The reason of these efforts is that they want to use them as a device for mitigating the destructive influence of economic miseries by the US.

When we look the current developments on these efforts, we are going to come across an interesting news from Iran. Many important economic establishments such as the Central Bank of Iran, Financial Tribune or CBI have been authorizing many fieds like licensed forex shops or banks in order to use crypto currencies in Iran as a payment method for imports.

Actually this development has been quite innovative when we consider the situation of other countries on the crypto currency exchange businesses. But the crypto currencies in Iran need to be generated by only licensed crypto miners who have been holding official permission from Iran state.Iran state has classified the crypto currency exchange businesses as an industrial activity. In addition to this development, the authorities in Iran state offer an obligation to secure a permission from Ministry of Industry, Mine and Trade.

Crypto Currency in Iran for Economic Misery

Crypto Currency in Iran for Economic Misery

Shahab Javanmardi, who is a member of the Commerce Industries Miners and Agriculture, has stand up for the government in order to be able to use the crypto currencies in Iran to send a necessary help the counter commercial circumstances in Venezuela. Venezuela has been in a very difficult geopolitical atmosphere and the reason is the damages which are caused by US.

Shahab Javanmardi had suggested to build an official market place for this innovative crypto currency exchange business. The aim was having a secondary forex market which the people can officially mine crypto currency in Iran. But these crypto currencies might be sold to Iranian firms looking for importing many products and goods.

On the other hand Sajed Nikpour, a member of the ICCIMA, has expressed that the private sector do not believe the crypto currency in Iran is unuseful in order to contribute to the economic situation in Iran. Even though the crypto currency exchange businesses have been supported by Iran state officially, this crypto currency in Iran has underwent many fractulations during a couple of years. Illegal crypto currency in Iran miner farms have been sut down and still this situation goes on consistently.

Actually this development has been quite innovative when we consider the situation of other countries on the crypto currency exchange businesses. But the crypto currencies in Iran need to be generated by only licensed crypto miners who have been holding official permission from Iran state.Iran state has classified the crypto currency exchange businesses as an industrial activity.

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