The Majlis Research Center, the research wing of the parliament, has assessed the impact of the government ban on cryptomining and closure of unauthorized mining centers, saying that the policy…
Cryptocurrencies in Iran
The Central Bank of Iran plans to launch its digital currency project, known as the crypto-rial by the end of the summer. Governor Ali Salehabadi made the announcement at the opening ceremony…
Cryptomining centers' access to the national power grid will be cut during the summer season as electricity consumption peaks.
Disbanded illegal cryptocurrency mining centers across Iran have reached 6,914 since the crackdown began in 2020 and most were in five provinces including Tehran.
The government is preparing a regulatory framework for trading cryptocurrency and cryptoassets, but no decision has been made to allow trade in digital assets in the capital market, head of the…
Countries such as Russia and Iran may eventually use cryptocurrency mining to evade sanctions, the International Monetary Fund warned in a report. There’s a risk that sanctioned nations…
A draft of rules for holding and trading cryptocurrencies has been finalized and should be approved by the government, says the deputy governor of the Central Bank of Iran for Innovative…
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). The rules, seen by way2pay.ir…
Iran Blockchain Association (IBA) has warned the government over hasty measures and unhelpful protocols for the future of cryptocurrency mining.
Cryptocurrency and its underlying technology blockchain are seen as efficient solutions for improving economic conditions in underdeveloped regions. However, data has it that crypto-related…
A major Iranian cryptocurrency exchange platform, Nobitex, has published a detailed report on its performance in 2021, claiming that it recorded 728% growth in the number of users. The exchange…
Permission for cryptomining in Iran will henceforth be given only to miners using renewable energy, the Ministry of Industries, Mining and Trade said on Wednesday.
Rules for cryptocurrency exchanges are expected to be finalized in the near future, a lawmaker said.
Iran Blockchain Association says it welcomes the government’s plan to legalize cryptocurrencies and digital assets.
Almost 5,144 centers involved in illegal cryptomining were shut since last year. Fars News Agency said the collective power consumption of the banned centers was close to 607 megawatts, whereas…
Iran’s capital market should genuinely consider use of blockchain technology as it can help address some major needs and at the same time create new vistas for reviving the share market,…
The Central Bank of Iran and the Ministry of Industries, Mining and Trade have reached agreement to link the CBI crypto platform to the Comprehensive Trade System, which allows businesses make…
The Central Bank of Iran has completed infrastructure for minting crypto rial as a central bank digital currency (CBDC). The currency will be launched after approval by the Money and Credit…
The Energy Ministry has announced new rules for supplying cryptominers electricity generated from renewable power plants.
Iran Power Generation, Distribution and Transmission Company, Tavanir, has asked authorized cryptomining centers to suspend their activities to prevent possible blackouts during winter.
Using renewables would be the best available alternative for cryptominers in Iran insofar as power consumption is concerned given their growing demand for electricity, an official with the Iran…
Iran Blockchain and Cryptocurrency Association has started operating under the supervision of Iran Chamber of Commerce, Industries, Mining and Agriculture.
The government has prepared a new bill to regulate the work of cryptocurrency mining centers. Observers, however, say the new bill has failed to address drawbacks and deficiencies in the…
Illegal cryptomining centers shut by the Iran Power Generation, Distribution and Transmission Company (Tavanir) used 3.84 trillion rials ($16.5 million) in subsidized electricity and inflicted…
The crackdown on unauthorized cryptomining continues in Iran with 227 more devices confiscated in the past week. Iran Power Generation, Distribution and Transmission Company, Tavanir, said the…
