Is the United States Government Actively Sabotaging Iran’s Crypto Mining Plans?

  • According to a number of insider sources, the United States government is currently looking to stop Iran from going through with its crypto adoption plans.
  • Late last year, both the House and the Senate put forth individual bills that were aimed at Iran’s illicit financing schemes (including the country’s use of crypto assets). However, as of now, none of these bills have been passed.

As per an all new statement issued by the Iranian Assistant Minister of Industry, Trade and Supply, Saeed Zarandi, the US government is looking to stop the middle-eastern powerhouse from implementing its cryptocurrency mining plans.

In an interview given to a local media outlet, Zarandi was quoted as saying that since the US Congress considers cryptocurrency as a pathway for “money laundering”, they are trying to pass a law that seeks to ban Iran from carrying out any such activities.

Additionally, for those of our readers who may not be aware, a number of Iranian government agencies and ministries are currently working with the Central Bank of Iran (CBoI) so as to create an economic framework that can help the country’s citizens make regulated use of altcoins/cryptocurrencies in a seamless, hassle free manner.

During January of this year, Iran’s central banking authority released a circular stating that it was planning to create its very own national cryptocurrency — called ‘PayMon’.

On paper, the currency’s design strongly resembles the framework that is currently being used by Venezuela’s Petro token.

In closing out this piece, it should be made clear that the Iranian government’s stance towards the crypto industry has been quite mixed up until now. Thus, it will be interesting to see how things pan out for this burgeoning market sector from here on out.


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