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Showing posts from July, 2022

Iran Becomes A New Hope For Crypto Miners

The crypto industry is on the boom, diving the lawmakers of various countries into its supporters and opposers. Provided that, more and more countries are giving a check upon the future of cryptos, its usability, and threats linked to it. Many nations brought up crypto laws; some have tightened the rules, but there are always revisions and little adjustments being made. Iranian authorities have made it easier for cryptocurrency miners to use renewable energy sources. The updated rule in the country enables authorized miners to buy electricity produced using renewable energy across the nation at lower prices. According to Iran's Ministry of Energy, the companies that are permitted to mint cryptocurrency in the Islamic Republic can only easily access renewable energy. Additionally, the latest regulation reform frees miners from having to use their own power generation facilities. This new regulation has been introduced by Iran's Ministry of Energy and Industrial Development...