Members of the Economic Council of the Iranian Parliament urge the government to submit the cryptocurrency bill

Ali Akbar Karimi, a member of parliament and a member of the Economic Council of the Iranian parliament, said that Iran has no specific laws to supervise activities around cryptocurrencies. The government must formulate a specific bill to determine the cryptocurrency mining such as Bitcoin and the fate of using these digital currencies for currency exchange. The bill is then submitted to the Parliament to determine the price of the miners across the country. In Iran, the exploitation of cryptocurrencies has become a widespread and widespread activity that consumes a lot of electricity and causes problems for the country, especially during the hot season. He added that a mechanism should be in place to control electricity consumption while punishing those who use subsidized electricity prices for mining.