Iran Officially Recognizes Cryptocurrency Mining99.43

As economic sanctions start to bite, Iran is now looking to cryptocurrencies to ease the damage. The world’s third-largest oil-producer seeks to follow in the footsteps of Venezuela, which has issued an oil-backed digital currency called the Petro. But can Iran succeed where Venezuela is ostensibly faltering?

Also read: As Zimbabweans Struggle for Cash, Even the Country’s Only Bitcoin ATM Has Run Dry

Original source
https://news.bitcoin.com/iran-officially-recognizes-cryptocurrency-mining/

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