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Parliament plan: $ 500 million revenue from digital currency extraction


According to the new plan of the MPs, the Central Bank is recognized as the reference for regulating the exchange of cryptocurrencies in the country. According to the plan, the various ministries should work together to increase the gross annual revenue from this area to $ 500 million in 1401.

According to digital currency and to Quoted From the selection, the attractiveness of the cryptocurrency market in the world and especially among Iranians has caused the Islamic Consultative Assembly and other institutions to pay special attention to this digital field. The significant interest of Iranians in cryptocurrency exchanges led to the design of a plan entitled “Supporting cryptocurrency extraction and organizing its internal exchange market” in the parliament, prepared under the supervision of the Economic Commission.

In the 4 articles set in this plan, the discussion of extracting cryptocurrencies is discussed more.

According to the first article of the mentioned plan, the Central Bank is the reference for regulating the exchanges of cryptocurrencies in the country and is obliged to organize the internal market of cryptocurrencies within three months. Cryptocurrencies, other than the national password, are also prohibited as payment tools within the country or for setting up and operating an internal payment network.

The Ministry of Industry, Mines and Trade has also been appointed by the Islamic Consultative Assembly as the employer of the cryptocurrency mining industry and responsible for issuing farm licenses. In addition, the Ministry is obliged, in cooperation with the Ministry of Economy, Oil, Energy and Communications and Information Technology, to increase the processing of the country’s Ramzars mining farms to a gross annual income of $ 500 million in 1401, followed by a 10% annual growth. Be.

Obliging Ramzars to extract and report the amount of Ramzars produced to the Central Bank in Note 1 of Article 1 of this plan is perhaps one of the most controversial parts of the parliament’s plan to organize in this area. The instructions on how to monitor this issue will be approved by the Supreme Council for Combating and Preventing Money Laundering and Terrorist Financing within two months, under the supervision of the Ministry of Silence and in cooperation with the Computer Guild Organization.

Note 2: Article 1 of this plan also indicates that projects for the construction and development of cryptocurrencies and related industries are subject to the granting of facilities to the National Development Fund.

Also, according to this plan, the police force is obliged to seal (seal) the illegal units of Ramzarz extraction and introduce the beneficiaries of these units to the judicial authorities to take the necessary action in this regard with the cooperation of the Ministry of Silence or Nasr Organization.

The last article of the new plan of the parliament has given the license to consume energy from the energy exchange in the form of concluding bilateral contracts with domestic and foreign producers to Ramzars mining farms. Also, these extraction farms are allowed to transit the required electricity or the excess consumption of both ceilings of the farm needs, through the national electricity network.

In Note 1 of the last article of this plan, the members of the Islamic Consultative Assembly, in order to supply electricity to the Ramzarz extraction farms, obliged the Ministries of Oil and Energy to supply the electricity and gas required for the electricity consumed by the extraction farms; On the other hand, farms have a duty to purify their electricity and gas consumption with the generated cryptocurrencies. The cryptocurrency exchange rate of the cryptocurrencies is determined based on the highest rate set by the central bank in a quarterly period. An issue that may not be to the liking of activists in the digital realm.

Note 2: In the last article of this plan, the activists in the field of cryptocurrency extraction can obtain permission from the Ministry of Energy to construct or participate in the power plant and sell the electricity produced in excess of their consumption to the Ministry of Energy or applicants.

To the extent of their participation in the construction of power plants in deprived areas, Ramzarz farms are exempt from paying for electricity transportation and fifty percent of the foreign exchange commitment of this material and are subject to subsidies for gas consumed in the agricultural sector.

Also, according to Note 3 of the last article of this plan, the implementation of Article 50 of the Sixth Development Plan Law, renewable power plants constructed with the participation of Ramzars extraction farms subject to receiving fuel consumption savings, is the subject of 12 competitive barriers removal laws.

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