cryptocurrency

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

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