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Iran News

Iran — also known as Persia or, officially, the Islamic Republic of Iran — is a sovereign state in Western Asia. Iran is one of the richest Asian countries, as it is the 18th economy by the volume of national production. In 2017, Bitcoin in Iran was considered as an alternative currency because the government wanted to ban U.S. dollars after the U.S. had imposed a ban on entry for seven Arabic states, including Iran. However, according to Iran’s Bitcoin regulation which were issued in 2017, work with cryptocurrency is prohibited for all financial establishments and exchanges. According to Iran’s central bank, cryptocurrency is used for the financing of terrorism, money laundering and making transactions between the criminals.

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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.

Billion-dollar Bitcoin mining industry resumes in Iran after three-month ban

2021-10-01T06:08:17+01:00

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

Tehran Stock Exchange CEO resigns following discovery of Bitcoin miners in basement

2021-09-29T22:32:58+01:00

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

Illegal crypto mining not the cause of power shortages in Iran, ministry says

2021-09-02T11:35:06+01:00

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

Iran to lift Bitcoin mining ban in September

Osato Avan-Nomayo

2021-08-23T12:40:35+01:00

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

Iran’s tax authority wants to legalize crypto exchanges

2021-08-12T13:27:56+01:00

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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.

Iran pauses electricity exports due to crypto mining and hot summer

2021-07-07T11:42:44+01:00

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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.

Licensed Iranian crypto miners ordered to halt production 'altogether'

2021-07-06T21:35:00+01:00

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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 o...

Proposed bill in Iran could ban all foreign-mined cryptocurrencies

2021-07-02T17:32:45+01:00

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