Iran Shuts Down Over 8,000 Illegal Crypto Mining Farms in 3 Years

May 10, 2023 Bitcoin.com

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Authorities in Iran have closed down more than 8,000 underground facilities for cryptocurrency mining in the past three years, local media reported. Despite the government’s crackdown, illegal crypto mining continues to account for a serious amount of energy consumption, official figures suggest. Illegal Crypto Miners in Iran Steal 1.8 Billion kWh of Electricity, Official Says […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Iran Sets Up Platform to Facilitate Crypto Payments for Imports

May 3, 2023 Bitcoin.com

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Authorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country. A dedicated platform has been established to allow local businesses to transfer cryptocurrency for the purpose of cross-border settlements. Iran to Use Cryptocurrencies for Imports, Trade Organization Chief Vows Iranian companies will be able pay for […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Iran’s Crypto Rial Project Enters Trial Phase

March 10, 2023 Bitcoin.com

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The pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank announced. The authorities in Tehran plan to expand the use of the state-backed currency and integrate it into Iran’s payment system. Iranian Government Prepares to Trial Its Digital Currency The project to issue a digital […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

North Macedonia Says Bomb Threats Come From Russia, Crypto Used to Hide Origin

March 8, 2023 Bitcoin.com

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The government of North Macedonia believes that an ongoing wave of false bomb threats against public targets in the country is coming from Russia and Iran. The authorities in Skopje also say that payments related to the attacks have been made with cryptocurrency to conceal traces. Over 700 Facilities Targeted With Bomb Threats in North […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil

January 18, 2023 Bitcoin.com

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Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker noted. Russian, Iranian Representatives Talk Using Gold-Backed Stablecoin in Foreign Trade Iran’s central bank is considering the possibility of […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Iran Returns Seized Crypto Mining Equipment to Miners

January 3, 2023 Bitcoin.com

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A government body responsible for state property in Iran has released some of the hardware seized from illegal crypto mining farms. Its top executive explained the agency was obliged to do that by courts in the Islamic Republic, where unlicensed miners have been blamed for power shortages. Authorities in Iran Give Confiscated Mining Rigs Back […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Natural Gas Price Hike Hits Crypto Miners in Iran

November 3, 2022 Bitcoin.com

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Companies using natural gas as a power source to mint digital currency in Iran will have to deal with a sharp increase in the price of the fuel. The new rates set by the state-run supplier are almost double the previous and have been imposed retroactively, local media reported. Iran Raises Tariffs for Mining Farms […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Crypto Trading, Investing Illegal in Iran, Central Bank Governor Reiterates

August 13, 2022 Bitcoin.com

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It is illegal to buy or sell cryptocurrency in Iran, the head of the country’s monetary authority has recently reminded citizens and businesses. The governor noted, however, that mining cryptocurrencies and using them in payments for imports is not against the law in the Islamic Republic. Top Banker Confirms Crypto Trading Still Illegal in Iran […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Iran Amends Regulations to Ease Crypto Miners’ Access to Renewable Energy

July 29, 2022 Bitcoin.com

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Authorities in Iran have revised some rules for the crypto mining industry in order to facilitate its access to green power. Licensed miners will now be able to purchase electricity produced from renewable sources from across the country at lower rates. Cryptocurrency Miners in Iran Allowed to Source Green Energy From Across Country Iran’s Ministry […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Iranian Power Utility Tavanir Vows Severe Measures Against Unlicensed Crypto Miners

July 9, 2022 Bitcoin.com

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Iran’s state-owned power distribution company, Tavanir, has threatened harsher measures to discourage unauthorized crypto mining. These include much higher fines for those minting digital currencies with subsidized electricity and penalties for government officials involved in mining. Tavanir Raises Fines for Illegal Cryptocurrency Mining The Iran Power Generation, Transmission and Distribution Company (Tavanir) has adopted new, […]

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