The Iranian Government has just announced that the country's economic commission has given the green light on "digital coin mining". Following recurring sanctions by the US government, the isolated state began exploring potential benefits of introducing cryptocurrency and blockchain technology into its economy. Concurrently, the Energy Minister confirmed reports that electricity tariffs for crypto mining farms will be higher than the nation's average of 2.5 cents per kilowatt-hour. It is expected that miners will have to fork out 7 cents per kWh in order to mine Bitcoin and Altcoins. As a result of the country's new direction, cryptocurrency's illegality is quickly disappearing, welcoming new opportunities and legal framework within which tech businesses can operate in. The government hopes that with these new initiatives, including the use of blockchain technology, the country will be able to generate additional revenue from tax and customs, allowing it to purchase foreign exchange.