US Congress blamed for interfering in Iran's Crypto Mining

After shooting the U.S. drone the past week, blames U.S. Congress for blocking and interfering in its Crypto mining operations.

US Congress blamed for interfering in Iran's Crypto Mining

Saeed Zarandi, Assistant Minister of Industry, Trade, and Supply, said in its latest statement that Congress is trying to stop Iran’s access to cryptocurrencies and Bitcoin mining, as reported by local news service namely Al-Fars on July 6.

According to the ministry, the U.S. considers cryptocurrencies as a tool for evading the sanctions imposed on Iran and therefore, they are trying to legislate Iran's access to the decentralized revolution.

However, commenting on the local issue of Cryptocurrencies Iran is still undecided. Zarandi says that the Ministry is working along with Central Bank of Iran to settle and regulate the subject of Cryptocurrencies within Iran.

The attack on Iran's access to Cryptocurrencies isn't new as the House of Senate in December 2018 introduced bills about Iran's illicit financing which includes Cryptocurrencies as a source. However, none of the bills has been passed as of press time.

At the end of January 2019, Iran Central Bank announced its plan to launch a national Cryptocurrency at a conference in Tehran, similar to Venezuela's Petro.

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Shafay is a content marketer and partner at Coinslice. He started writing content back in 2014. He loves to write about Finance, Blockchain and Cryptocurrency. His interest in writing has led to the start of projects. You will usually find him writing content for his website or clients, and if not it only means he is dreaming in his bedroom.

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