Iran Plans to Ban Crypto Payments Except National Crypto

According to BlockBeats, on July 2, the Iranian parliament drafted a new bill that will set new rules and regulations for the use of cryptocurrencies, including a plan to develop a national cryptocurrency. The bill was drafted under the supervision of the parliament's Economic Committee and is called a plan to "support cryptocurrency mining and organize a domestic trading market." According to the bill, the Central Bank of Iran will be the main body regulating the country's cryptocurrency exchange and will be responsible for handling the domestic cryptocurrency market within three months. The bill also prohibits the use of cryptocurrencies other than national cryptocurrencies as a means of payment in Iran or domestic trading systems. According to the new parliamentary bill, the Ministry of Industry, Mining and Trade will proceed to control the cryptocurrency mining industry and issue licenses to establish cryptocurrency mines. According to one of the provisions of the bill, Iranian cryptocurrency miners can apply to the Ministry of Energy for a license to open or participate in the construction of a power plant, and can even sell the surplus electricity from their power plants. (Iran Tasnim News Agency)