Iran News

The extreme heat of the summer has subsided, so crypto mining has been given the green light, as it can no longer be blamed for stressing the electricity grid.

Iranian authorities have conducted many raids on crypto miners in abandoned factories, homes and small businesses — nothing quite as high profile as the country's largest stock exchange.

Iran’s Ministry of Industry, Mine and Trade questioned Tavanir’s claims that illegal mining activities consume 2,000 megawatts of power.

Authorized Bitcoin miners will be able to resume their operations after the electricity preservation policy during the hot summer months.

The Iranian tax agency has called for establishing a legal framework for crypto trading platforms so they can be taxed properly.

Discounted tariffs made Iran attractive to miners, now the country is having a hard time closing the gap between the production and consumption of electricity.

Even Iran's minister of labor has reported electrical disruptions to his home as crypto miners continue to exert demand on the country's power grid.

Lawmakers seem to be attempting to establish a legal framework behind a Central Bank of Iran decision for people to only use crypto from state-licensed mining operations for payments.

Tehran Province, which houses Iran’s capital, was awarded only one license to operate a crypto mining center.

The police chief of Tehran said authorities had raided 50 locations across the Iranian capital in the last 48 hours, discovering 3,000 illegally operating crypto miners.

A crypto warning list is the main cause of the ban, according to the head of the Iran Blockchain Community.

Iran President Hassan Rouhani wants to protect national interests regarding crypto.

Iran's government has placed an immediate embargo on Bitcoin and crypto mining to preserve electricity over the summer months.

The country uses the digital currency to pay for imports and circumvent oil sanctions.

Iran has reportedly enlisted the help of intelligence officials to track down illegal cryptocurrency mining farms.