Bitcoin price has risen dramatically in Iran following the government’s decision to grant legal recognition to the country’s cryptocurrency mining industry. Bitcoin Premium Comes to Iran While Bitcoin suffered an almost $1,000 drop in the rest of the world, the top-ranked cryptocurrency was reaching new heights in Iran. Buoyed by the government’s legalization of cryptocurrency mining activities, the local price of BTC shot up to more than $26,000 on the localbitcoins platform for Iran. ThisRead MoreThe post The Next ‘Venezuela’? Bitcoin Up Over $8,400 in Iran Amid Hyperinflation appeared first on Bitcoinist.com.