cryptocurrency

Iran to use cryptocurrencies to fund imports, bypass US sanctions

The Iranian government has amended its regulations on cryptocuurencies to allow them be exclusively used for funding imports at a time of increased pressure on the country’s normal use of hard currencies.

Financial Markets

Iran shuts 1,100 unlicensed crypto mining farms

Iran’s Power Generation, Distribution and Transmission Company (Tavanir) has shut 1,100 unlicensed crypto mining farms for illegally using subsidized electricity.

Energy

Iran issues 1,000 licenses for crypto mining

The Iranian government has issued over 1,000 licenses for cryptocurrency mining in the country where there is potential for a crypto industry worth $8.5 billion, a report says.

Financial Markets

Cryptocurrency campaign seeks to help Iran flood victims

An independent campaign has been launched in Iran in order to attract international aid in cryptocurrency for flood victims in the face of US sanctions which have choked off foreign funds.

Financial Markets

Iran govt. issues cryptocurrency mining rules

After years of mulling how to regulate the digital currency mining, the Iranian government has finally recognised it as an industrial activity. Its rules and regulations say how much electricity can the miners use.

Financial Markets

Iranian govt. approves bill, recognising digital coin mining as industry

The Iranian government approved on Sunday a bill that recognises digital coin mining as an industrial activity, paving the way for a regulated mining business that could generate more forex revenues for Iran.

Financial Markets

Iran govt. recognises cryptocurrencies, gives green light to digital coin mining

The Iranian government has recognised cryptocurrencies and mining as an industry, says finance minister following years of deliberation over how to regulate this emerging and widely popular business in the country.

Financial Markets

Iran govt. economic commission gives green light to digital coin mining mechanism

The Iranian government’s economic commission approved on Sunday a mechanism for digital coin mining as Iran rushes to bring in line with internal laws the growing mining farms in the country.

Financial Markets

US sanctions accelerate Iran’s blockchain drive

Recent turbulence in foreign currency market and the devaluation of its currency, blamed partially on the revival of US sanctions, Iran is seeking to further develop its fledgling blockchain industry.

Financial Markets

Cryptocurrencies barred in Iran

The Central Bank of Iran has officially prohibited all financial institutions, including banks and credit institutions, from handling cryptocurrencies.

Financial Markets