cryptocurrency

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

Crypto market regulations discussed at ICCIMA meeting

Members of the Macroeconomics Commission at the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) has stressed on the need for passing necessary regulations related to the exchange of cryptocurrencies in the country.

Commissions

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