[[RIOT]](https://www.wsj.com/market-data/quotes/RIOT)
In brief
Iran's foreign exchange reserves are dwindling, but its oil and gas reserves give it cheap electricity.
The country legalized cryptocurrency mining last year but prohibited trading.
New regulations ask miners to sell their crypto to the central bank.
According to a report from the state-run Iranian Students’ News Agency (ISNA), Iran has established new regulations to funnel Bitcoin mined by Iranians into state coffers so it can use them to pay for imports.
In brief
Iran's foreign exchange reserves are dwindling, but its oil and gas reserves give it cheap electricity.
The country legalized cryptocurrency mining last year but prohibited trading.
New regulations ask miners to sell their crypto to the central bank.
According to a report from the state-run Iranian Students’ News Agency (ISNA), Iran has established new regulations to funnel Bitcoin mined by Iranians into state coffers so it can use them to pay for imports.
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