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Iran Concerns May Be Driving Trump Administration’s Talk of New Crypto Rules

From coindesk.com

Tensions with Iran may be behind U.S. Treasury Secretary Steven Mnuchin’s cryptocurrency compliance comments on Wednesday. The New York Times reported the Trump administration “has expressed growing concern” that this technology is being used to “evade American sanctions on countries like Iran.” Earlier this week, the Parliament of Iran Research Center published a report suggesting cryptocurrency mining licenses issued in January could generate new tax revenue and bureaucratic fees. A related proposal by the same government-run center suggested this could bring the government upwards of $1 billion in annual revenue ... (full story)

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  • Category: Fundamental Analysis