EghtesadOnline: After months of speculation over the fate of mining and trading cryptocurrencies in Iran, the government late on Sunday announced that it recognizes mining cryptocurrency as a legal industrial activity.

EghtesadOnline: Legalizing cryptocurrency mining would help the power sector, head of the board of directors of the Power Generation Companies Syndicate said Monday.

EghtesadOnline: The Energy Ministry has agreed on a tariff for electricity used in cryptocurrency mining , the head of Iran Electrical Industry Syndicate said.

EghtesadOnline: Days after a high-ranking official announced that Iran’s government has embraced cryptocurrency mining , another peer has said requirements are in place to develop the industry quickly.

EghtesadOnline: The rise of cryptocurrency mining has created a weird global shortage of graphics processing units. The tsunami in demand has reached Iran with GPU prices jumping 100% over the past month.