Iran legalizes mining - page 4. | Bitcointalksearch.org

elda34b

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Quote from: YuginKadoya on July 23, 2019, 08:42:16 AM

I think Iran now recognized Bitcoin and other cryptocurrencies right now that the price of Bitcoin is doing great

I'm pretty sure the government won't base their decision just because the price of an asset is 'great', while in fact, we're still far from ATH.

Anyway, it seems like you need to read further up. What Iran does might result in bad conditions to mine if they decide to not subsidize mining farms and so on.

Mining in north pole or somewhere with low daily temperature is probably better when that happens.

Amirofski

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i'm Iranian

ask me about Iran cryptocurrency [email protected]

YuginKadoya

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I think Iran now recognized Bitcoin and other cryptocurrencies right now that the price of Bitcoin is doing great, And in legalizing the crypto mining it will sure put a green light for people that are into Cryptocurrency over their country, but it is still unclear if the transaction domestically will change or maybe it is in a state of study for the government if what they can do about this, Because of certain illegal activity that some criminals that are using cryptocurrency to get away from their illegal transaction, I guess that is what the government of Iran is just avoiding.

hugeblack

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Let us make a small comparison on the amount of money that Iran receives from the export of oil & start mining farms, where the production of oil is about 30,000 barrels per day, which is smuggled and the price of a barrel is about 60 dollars, and the amount of effort that can happen to buy mining devices/electricity to earn some Bitcoins."
A fundamental point is that these currencies are transparent to a large extent so the multi-billion dollar conversions will be clear and thus easy to block those bitcoins (anyone can track 100 Bitcoin movement.)
Cryptocurrencies may enable a person to obtain products if he is in a state banned by the United States but will not enable states to maneuver.

Lizzylove1

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Christ The King

This is fantastic. Last time, I read the Iranian government was accusing bitcoin miners of causing a spike on electricity demand in Iran. I think they just realize it wasn't the fault of miners. I wonder how the US government will react to this great move.

krb91

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This is an impressive move from the Middle Eastern nation. With the ever straining relationship with the United States, Iran has sought to outdo US by legalizing mining. This is a giant stride in my opinion cryptocurrency. More nations with strained relationships with the United States are very likely to follow suit and implement further policies that will be beneficial to the cryptocurrency markets.

stadus

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That's a good news, but we like to verify it through the source of the news, can you add that in the OP?
Personally, I don't know the status of crypto in Iran but this is legalization of mining and it's not good for the country but good for the entire crypto.

romero121

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Iran being a country with not much of economic uplifting legalizing the mining farms make way for the people have financial freedom. When we hear about the country Iran all that we remember is the violence, war, bombs and so on. Soon this will change as they've begun their first level of growing bigger and better through bitcoin. Can expect more countries to follow the plan of Iran.

Red-Apple

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i don't think "legalize" is the correct word to use here because it is somewhat misleading. they just regulated bitcoin mining because it was not illegal before to legalize now and if i am not mistaken, legalize is a term used for when the government turns something from illegal to legal.

Quote from: squatter on July 23, 2019, 05:39:02 AM

I imagine the US government will take this as cause to further clamp down on exchanges and other Bitcoin services. They'll push for stricter regulations and enforcement under the guise of concerns over sanctions.

if they do it they will only use it as an excuse but the real reasons would be different. these sanctions didn't start yesterday, they have been there for years and no Iranian could ever use any of the bitcoin exchanges since none of them ever accepted them anyways!

squatter

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STOP SNITCHIN'

Quote from: akela11 on July 23, 2019, 05:28:28 AM

Just think what a great decision Iran made. Having legalized mining, the country has created best conditions for large miners, because now it is safe for them. Perhaps the electricity fee will not be the most profitable but the police will never break your home to arrest mining farm

What is your opinion about that?

You should include a link next time: Iran Legalizes Crypto Mining

I imagine the US government will take this as cause to further clamp down on exchanges and other Bitcoin services. They'll push for stricter regulations and enforcement under the guise of concerns over sanctions. This is what a US official said a few days ago:

Quote

"As Iran becomes increasingly isolated and desperate for access to U.S. dollars, it is vital that virtual currency exchanges, peer-to-peer exchangers and other providers of digital currency services harden their networks against these illicit schemes," said Sigal Mandelker, Treasury's undersecretary for terrorism and financial intelligence.

akela11

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Just think what a great decision Iran made. Having legalized mining, the country has created best conditions for large miners, because now it is safe for them. Perhaps the electricity fee will not be the most profitable but the police will never break your home to arrest mining farm

What is your opinion about that?

Topic: Iran legalizes mining - page 4. (Read 951 times)