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Semnan Province, the administrative region to the east of Tehran, is home to the largest number of licensed facilities
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Iran approved cryptocurrency mining as a legal activity two years ago
Iran has issued licenses to 30 cryptocurrency mining centers, the Financial Tribune revealed this week, quoting official figures published on the website of the Ministry of Industries, Mining, and Trade.
One of these mining farms is based in Tehran, according to Bitcoin News.
Semnan Province, the administrative region to the east of Tehran, is home to the largest number of licensed facilities, with six crypto farms. Alborz Province is next with four, followed by Mazandaran, East Azerbaijan, and Zanjan provinces.
The ministry, Bitcoin News reported, has also issued 2,579 establishment permits for new industrial units across the Islamic Republic, 305 of which are in Zanjan Province. Fars Province, with 262 permits, and West Azerbaijan, with its 247, are ranked second and third respectively, the English language Iranian daily detailed.
Iran approved cryptocurrency mining as a legal activity two years ago. The government introduced a licensing regime for entities that want to get involved in the industry. A report indicated that 14 bitcoin mining farms were operating under such licenses last summer.
In a year, Iranian law enforcement has shut down over 180 illegal crypto farms in Tehran Province alone. Earlier in June, authorities confiscated 3,000 units of mining hardware from illegal enterprises. Last week, Iranian police seized 7,000 bitcoin mining machines.
