cryptocurrency

Iran increases electricity prices for crypto miners

Iran’s Energy Ministry has revised its electricity pricing rules for cryptocurrency mining months after rising demand from miners caused power shortages in parts of the country over a cold winter season.

Energy

Iran bans online platforms trading cryprocurrency

Iran’s state-run regulator for online payment platforms has imposed an indefinite ban on websites that offer cryprocurrency trading services.

Modern Enterprise

Daily cryptocurrency trade volume in Iran near $200 million

Public interest in cryptocurrencies like bitcoin is booming in Iran as a report estimates that unregulated exchanges are engaged in nearly $200 million worth of trade for digital currencies everyday.

Modern Enterprise

Iranian cryptocurrency miners back on track

Authorized cryptocurrency miners in Iran have been allowed to resume operations after fuel supply to electricity power plants returned to normal, a spokesperson for Distribution and Transmission Company (Tavanir) said.

Modern Enterprise

Iran cryptomining capacity at $1.4 billion

With estimated cryptomining capacity at $1.4 billion, Iran is among the top in the world, a senior Industries Ministry official said.

Modern Enterprise

Iran suspends licensed cryptomining for 2 weeks to save power

Iran Power Generation, Distribution and Transmission Company (Tavanir) has ordered licensed cryptocurrency mining farms to halt operations for two weeks to lessen power shortages across the country.

Modern Enterprise

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