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.

"Iran, hit hard by sanctions but brimming with oil and natural gas to supply electricity, turns to Bitcoin 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.