Iran: Ministry of Industry, Mine and Trade

Working Group: Climate Action

Country: Iran

Government Body: Ministry of Industry, Mine and Trade

Key Issue: Mining

Type of Action: Directive

Status: In Force

Next Steps: N/A

Summary: The Ministry of Industry, Mining and Trade recognised cryptocurrency mining as an industry and began issuing mining licenses; as of 25 January, 2020, over 1,000 licenses had been issued. Miners must pay a higher energy rate and are forbidden from mining during peak consumption times.

Date: August 4, 2019