cryptocurrency

Iran in no rush for executing CryptoRial: Central Bank official

Mehran Mehrabian, a deputy governor of the Central Bank of Iran (CBI) said on Monday that the country is in no rush to execute CryptoRial.

Financial Markets

CryptoRial set to be launched on February 7

The Central Bank of Iran says it will make the CryptoRial, a central bank digital currency, available to the public within two weeks.

Financial Markets

Iran, Russia mulling launch of joint cryptocurrency: Report

Iran and Russia are exploring the development of a joint stablecoin that would be backed by gold, two Russian officials have been quoted as saying.

Financial Markets

Iran to begin pilot launch of crypto-rial tomorrow

Central Bank of Iran (CBI) said on Wednesday that it will begin the pilot launch of crypto-rial as the bank’s digital currency as of Thursday.

Financial Markets

Iranian experts concerned by central bank’s Crypto-Rial agenda

While the Central Bank of Iran plans to pilot its long-awaited central bank digital currency (CBDC) project, the Crypto-Rial, by November, experts has expressed strong reservations about the practicality of the move and its anticipated positive impact on the economy.

Financial Markets

Iran government approves regulations for crypto trading

The administration of Iran has passed an act introducing regulations on trade transactions with cryptocurrencies, Minister of Industry, Mine and Trade Reza Fatemi Amin said.

Trade

Iran registers first ever import order with crypto payment scheme

Iran’s first ever import order by means of crypto payment mechanism was registered in the country this week, according to a deputy minister industry, mine and trade.

Financial Markets

Iran is launching crypto-rial

The Central Bank of Iran has informed banks and credit institutions about regulations related to the crypto-rial, as a central bank digital currency (CBDC).

Financial Markets

Iran blames crypto mining for blackouts

Head of Iran’s state electricity company Tavanir has blamed a fresh surge in illegal crypto mining activity in the country as a main cause of shortage in power supplies during hot summer days.

Energy

Iran disconnects crypto miners from grid amid power outages

Iran’s state electricity company Tavanir has started disconnecting legal miners of cryptocurrency from the country’s national power grid amid a record surge in electricity use that has caused brief outages in large cities.

Energy