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    Monday, 5 August 2019

    Iran further solidifies stance on cryptocurrency mining, but says trading is ‘unlawful’


    Iran‘s government has put an end to months of speculation by ratifying a bill that acknowledges that cryptocurrency mining is a legitimate industry. But another recent bill has thrown a spanner in the works as Iran is still refusing to recognize cryptocurrency trading as lawful. While legalizing mining is seemingly a positive move, it’s important to note there are several caveats that clarify the country’s stance with regards to the wider cryptocurrency industry. A bill ratified by the Iranian Cabinet and released on Sunday, highlighted the government would not recognize cryptocurrency trading as lawful. It also said the government and…

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