Iran’s Ministry of Intelligence has reportedly blocked almost 10,000 bank accounts over suspicious foreign currency and cryptocurrency transactions. The action was carried out in collaboration
Category: Iran
Iran to Pilot ‘National Cryptocurrency,’ Considers Blockchain Tech for Stock Market
The Central Bank of Iran soon plans to launch the pilot phase of its digital currency project, an official unveiled. The Islamic Republic hopes to
Iran to Permit Use of Cryptocurrencies in International Settlements, Reports Reveal
Authorities in Iran are preparing to allow the employment of cryptocurrencies for international settlements. According to local media, central bank and government officials have given
Iran Allows Renewable Power Plants to Supply Crypto Miners With Electricity
Authorities in Iran have decided to permit power generation plants using renewable sources to sell electricity to licensed cryptocurrency miners. The move comes after the
Iran Continues Crackdown on Illegal Crypto Mining, Seizes Hundreds of Mining Rigs
Authorities in Iran persist with their efforts to curb unauthorized cryptocurrency mining. The state-run power distribution company has recently identified over a dozen underground crypto
Iran Blockchain Association Offers Help With Crypto Regulations, Says Regulators Are Not Qualified
The leading crypto industry association in Iran has slammed authorities for their passive stance regarding crypto regulation. The government’s inaction is a source of concern,
Iran Shuts Down More Illegal Crypto Farms, Bringing Total to Over 5,300
Authorities in Iran are continuing their crackdown on unauthorized cryptocurrency mining as electricity demand remains high. The country’s power utility company has so far closed
Iranian Ministry of Industries Denies Power Shortages Are Caused by Illegal Crypto Miners
Iran’s Ministry of Industries, Mining and Trade has rejected claims blaming illegal cryptocurrency miners for the continuing electricity shortages in the country. The department believes
Iranian Tax Authority Urges Regulators to Legalize Cryptocurrency Exchanges
The Iranian National Tax Administration (INTA) has put forward a proposal to tax digital asset exchanges operating in the country. The authority calls for the
Iran Raises Alarm Over Potential Influx of Miners From China
With the government in Beijing cracking down on their operations, Chinese miners have been on the lookout for other jurisdictions. Providing low-cost energy, Iran has
New Bill to Ban Crypto Payments in Iran, Support Mining and Regulate Exchange
Urged by the growing popularity of cryptocurrencies, Iranian lawmakers have prepared new legislation to introduce comprehensive rules for the expanding industry. While the bill effectively
Iran Counts 30 Crypto Mining Farms Licensed to Mint Digital Currencies
Iranian authorities have so far authorized 30 facilities for cryptocurrency mining. The crypto mining farms are spread across several regions, including Tehran Province. The government
