Iran 's Central Bank , the Ministry of Economic Affairs and Finance and Ministry of Industry , Mine and Trade are among the major government institutions which have recognised cryptocurrency mining as a legitimate industry . Iranian news agency has said Abolhassan # #i , secretary of Iran 's Supreme Cyberspace Council , revealed the decision , and added a legal framework could be introduced as soon as this month . In late August, Iran’s National Cyberspace Center revealed that the draft of the state-backed cryptocurrency project is ready, following instructions from President of Iran Hassan Rouhani. It also said the government is considering launching a national cryptocurrency to help domestic firms do business with foreign investors amid US sanctions .
Iran 's Central Bank , the Ministry of Economic Affairs and Finance and Ministry of Industry , Mine and Trade are among the major government institutions which have recognised cryptocurrency mining as a legitimate industry . Iranian news agency has said Abolhassan ##i , secretary of Iran 's Supreme Cyberspace Council , revealed the decision , and added a legal framework could be introduced as soon as this month . It also said the government is considering launching a national cryptocurrency to help domestic firms do business with foreign investors amid US sanctions .