Islamic republic of iran is looking for ways to introduce a legal framework for cryptocurrencies, while Bitcoin (BTC) mining remains under embargo in the country.

During the cabinet's Economic Coordination Board meeting on Tuesday, Iranian President Hassan Rouhani emphasized the demand to legalize cryptocurrency activities to preserve and protect national interests.

Rouhani said the land must pay attention to the legal and technical requirements regarding crypto and digital currencies.

Noting the risks of cryptocurrency trading, Rouhani stressed that people's sensation in this field is necessary to avoid unprofessional entries:

"For legalizing the activeness of cryptocurrencies and protecting people's majuscule in this area, we must call back of a solution as presently as possible and lay downwards and communicate the necessary laws and instructions."

Rouhani called for a articulation study between unlike parties to institute a legal framework for cryptocurrencies. "The responsible agencies in the field of majuscule markets should cooperate with the media and cyberspace in the field of data, education and public awareness near this phenomenon and its instructions and laws," he said.

He also clarified that crypto mining is nonetheless prohibited until the end of summer, "and the Ministries of Communication and Data Engineering and Energy are responsible for cutting off ability to these centres."

Terminal month, the country's ministry of energy announced that crypto mining with household electricity is non legal and, thus, dwelling miners will accept to pay heavy fines if discovered.

To meet the needs of increased domestic electric consumption during the hot summers in the land, Iran recently put a nationwide ban on crypto mining until September.