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[sh199]

The Iran Central Bank (CBI) legalized Bitcoin mining two years ago in 2019. Last year, it mandated that only registered miners can sell their profits to the banks.
According to a news outlet Iran International report, the Central Bank of Iran (CBI) has forbidden the trading of Bitcoin and other cryptocurrencies mined outside the country.
After approving cryptocurrency mining (but not exchanging) in 2019, Iran has always looked to control the industry to its benefits.
What is your opinion about it?

 

[Wisdom01]

I don't know why they are putting too much control ,and i thought they said earlier on that they are reasy to make more revenue from bitcoin miners ,and this is what they are doing now , but the control is too much

 

[sh199]

I don't know why they are putting too much control ,and i thought they said earlier on that they are reasy to make more revenue from bitcoin miners ,and this is what they are doing now , but the control is too much

Iran always wanna regulate this kind of issue. The forbidden crypto trading, only permit crypto mining for resister miner. And now they gonna direct buying from the miners through the bank. This is the next level of regulation.

 

[Wisdom01]

Iran always wanna regulate this kind of issue. The forbidden crypto trading, only permit crypto mining for resister miner. And now they gonna direct buying from the miners through the bank. This is the next level of regulation.

But i think the government are doing everything to gain revenue without considering them. Because the policies are suiting them more because banks would set their price

 

[silentwatch]

And how they recognize which coin that have been mined inside the iranian teritory and out side the iranian teritory?
Iranian goverment seem trying to control the transaction of crypto currency and its transparancy so they will need to know who is making transaction with bitcoin..

 

[Niftyicon]

I made this observation the other time when the news broke that Iran wants miners registered and even provided mining facilities for them. The government simply wants to have absolute control of the crypto space in the country.

 

[Wisdom01]

I made this observation the other time when the news broke that Iran wants miners registered and even provided mining facilities for them. The government simply wants to have absolute control of the crypto space in the country.

This is the issue i have with them , bcause they don't know that the too much control they are having might reduce miners interest in crypto

 

[Wisdom01]

Maybe Iran thinking much about their Economy and didn't wanted that their money go to other countries with Bitcoin.And they are thinking of controlling mining, maybe they don't want people get into those crypto-currency mining.

It would be helpful to their economy if they should check mate it very well, if iran dosent want their money to go anywhere ,they should also check the importance of bitcoin to the economy

 

[Niftyicon]

Maybe Iran thinking much about their Economy and didn't wanted that their money go to other countries with Bitcoin.And they are thinking of controlling mining, maybe they don't want people get into those crypto-currency mining.

The government really needs to have a rethink. There is a part to play for forex in any country and I doubt any country can self exist without the need for others at one point.

 

[Brain]

The Iran Central Bank (CBI) legalized Bitcoin mining two years ago in 2019. Last year, it mandated that only registered miners can sell their profits to the banks.
According to a news outlet Iran International report, the Central Bank of Iran (CBI) has forbidden the trading of Bitcoin and other cryptocurrencies mined outside the country.
After approving cryptocurrency mining (but not exchanging) in 2019, Iran has always looked to control the industry to its benefits.
What is your opinion about it?

We can't query them whatever suits that economy. Can't be argued with I believe they have their reasons for wanting to stop other countries and use just their own. So let it be still they realize otherwise

 

[Wisdom01]

Well, pertaining to Iran banning trading of foreign mined cryptocurrency. I will say that most problem that this countries has is the fact that they want to always regulate and be in charge of it volatility and mode of transactions which it isn't possible unless they establish their own cryptocurrency

They cant control people monetary asset anymore as crypto is evolving ,so those government are trying all they could do to give the appearance of bitcoin tough time