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iran News and Articles



Iran

Iran plans to start testing its token in the near future

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Iranian authorities expect to use the national digital currency (CBDC) to bypass US economic sanctions. According to local media reports, the Central Bank of the Islamic Republic plans to provide access to the token to all test participants. However, the regulator has not yet named any specific...

Iran crypto mining winter

Iran Suspends Crypto Mining to Save Energy

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Iranian Ministry of Energy decided to temporarily stop operations of crypto mining hubs. The reason is the high level of electricity usage in winter. Chairman of the country's power grid developer and operator, Iran Grid Management Company, Mostafa Rajabi Mashhadi talked about the adopted measures...

Illegal mining

Over 221K devices have been confiscated in Iran for illegal mining

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During the week, the Iranian authorities seized 227 devices for mining cryptocurrency from illegal miners in 14 residential buildings. The total number of equipment confiscated during the fight against unlicensed mining reached 221,390 units, according to the Financial Tribune. In total, inspectors...

Iran

Iranian blockchain association advocates smart crypto regulation

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The Iranian authorities have previously repeatedly announced their intention to use cryptocurrency to circumvent Western sanctions. However, the industry has not yet been legalized in the country, and the government of the country allows the use of only those bitcoins that are mined on its...

Iran restarts bitcoin mining

BTC Mining Restarts in Iran After a 3-Month Ban

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Iranian authorities will enable licensed crypto miners to restart activities after a temporary ban announced by ex-president Hassan Rouhani on May 26, 2021, local media informs. Iran halted crypto mining due to extreme heat (around 120° F or 49° C), which caused power interruptions and a lack of...

Iran

Iranian authorities prepare to lift mining ban in September

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Back in May, the Iranian government announced a mining ban until September 2021. The decision was made due to the threat of an energy crisis in the Islamic Republic. Due to the high activity of miners, the load on the power grids has increased dramatically, which has created threats to the power...

Iran crypto exchanges

Iran Plans to Make Crypto Exchanges Legal

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The regulatory authority of Iran, the Iranian National Tax Administration proposes to set a legislative structure for the taxing crypto trading networks. The announcement was made 2 months after the country's president Hassan Rouhani talked about a legal system for buying and selling crypto...

Iran crypto mining

Iranian Regulatory Gives 30 Licenses to Crypto Mining Farms

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Iran's Ministry of Industry has allowed 30 crypto mining companies to carry out operations after receiving licenses. The news was published on the official website of the country's regulatory body. Semnan province got six licenses. Alborz, Mazandaran, East Azarbaijan, and Zanjan got four licenses...

Iran

Iran bans cryptocurrency mining until September

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The Iranian authorities have banned the mining of digital assets until the end of the summer of 2021. According to the statement of the President of the country Hassan Rouhani, authorized cryptocurrency mining consumes about 300 MW, while unauthorized mining consumes 2,000 MW. "Starting today,...

Mining

Iranian authorities confiscate another batch of miners

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Iranian law enforcement agencies have confiscated another batch of underground mining equipment. According to the local news agency Tasmin, this illegal mining farm stole electricity from the state-owned company Tavanir. In the Islamic Republic, power engineers, together with law enforcement...

Iran

Iranian authorities allowed power plants to mine

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Iranian power plants will be able to mine cryptocurrency, but in this case, they will be left without government subsidies. That was reported by the IRNA news agency earlier this week. It refers to a statement by Mostafa Rajabi Meshadi, deputy head of the Tavanir electricity distribution company....

Iran crypto mining

Iran: president instructs to change national mining strategy

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Iranian President Hassan Rouhani gave instructions to the government to develop a new national strategy for crypto mining. This writes the local edition of ArzDigital. With this message, Rouhani turned to the central bank and ministries. He called on agencies to work out issues of regulating the...

Iran issues mining licence

Iran: authorities issued mining license for Turkish company

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The Turkish-based iMiner company received permission from the Ministry of Industry, Mines and Trade of Iran to operate a farm with six thousand miners in the province of Semnan. It is reported by Cointelegraph. Presumably, iMiner with the declared fleet of devices will become one of the largest...

Qasem Soleimani

Bitcoin will rise if there is a war between the US and Iran

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Events across the world are affecting the price of BTC. The killing of Iranian General Qasem Soleimani is one of the events that make the market move. As was expected, the oil jumped in price, and gold did so. But in nowadays world, there is a new safe asset - BTC. It rose in price for 5% in just...

Bitcoin rises to a high of $24,000

Bitcoin rises to a high of $30,000 in Iran

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People who have Bitcoin in Iran are asking for $30,000 through Iran’s forum for the buying and vending of Bitcoin termed as local Bitcoin. This rate goes beyond the extreme high set by Bitcoin in the year 2017. This surprising rise comes as a result of an air attack carried by the US army which...

Iran illegal mining

Iran will pay for exposing illegal mining

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Iranian authorities announced their readiness to pay for information on illegal activities in the extraction of cryptocurrencies, and also spoke about new rules for calculating electricity prices for miners. It is reported by Press TV. The fee for identifying miners using subsidized electricity...

Mining officially allowed in Iran

Iran: crypto mining is recognized as an industrial activity

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During the meeting of the Iranian Cabinet of Ministers, which was held on Sunday under the chairmanship of President Hassan Rouhani, mining cryptocurrency was recognized as an industrial activity, the local news agency Mehr News reported. According to a government decree, miners will have to...

Iran finds 1,000 Bitcoin mining computers after a power spike

Iran finds 1,000 Bitcoin mining computers after a power spike

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Iranian governments caught over 1000 mining computers from two former factories. The operation was performed after governments discovered a spike in electricity consumption. The minister of energy announced that request for electricity grew by 7% in June and it’s considered that Bitcoin mining is...

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