The recognition of the Iranian government of mining cryptographic currencies as a legitimate industry pushed Bitcoin bidding to record a high when the country built its own national crypto currency to avoid international sanctions.

Iran Cyberspace (HCC) Supreme Council has confirmed that the government now sees cryptographic mining like Bitcoin as a legitimate industry. HCC Secretary Abolhassan Firouzabadi stressed that the authorities would "state the framework and policy" for companies and startup companies in the currency sector that were not clear before the end of this month. In particular, senior government officials demonstrated the same basic approach among several government agencies including the Ministry of Communication and Information Technology, Industry, Mining and Trade, Energy and the Ministry of Economy had agreed that crypto mining "had been accepted as an industry."

Following state recognition of crypto mining, trading activity on the Iranian crypto exchange increased sharply, making the price of Bitcoin reach a record high of $ 24.00 more than 3 times the global average price.