The Iranian Government Economic Committee has approved the establishment of a cryptocurrency mining mechanism in the country.

On July 22, the Iranian Chamber of Industry, Mining and Agriculture announced that the Iranian Government Economic Committee had approved the establishment of a cryptocurrency mining mechanism in the country. Abdolnaser Hemmati, president of the Central Bank of Iran (CBI), said: "The government economic committee has approved a mechanism for mining digital tokens, which will be discussed later at the cabinet meeting."