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Iran Begins Central Bank Digital Currency ‘Crypto Rial’ Pilot Today
23.9.2022
The Central Bank of Iran (CBI) has reportedly begun a pilot for its central bank digital currency (CBDC), also known as “crypto rial.” Iran’s chamber of commerce explained that the “crypto rial has been designed in a way that is easy to track, and even if the data on...
Crypto Trading, Investing Illegal in Iran, Central Bank Governor Reiterates
14.8.2022
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....
Bitcoin, the Ukraine Crisis and the Central Bankers Dilemma
24.2.2022
James Butterfill is Investment Strategist and Christopher Bendiksen is the Bitcoin Research Lead at major European digital asset investment firm CoinShares.
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Bitcoin (BTC) had an immediate price response to the Ukraine invasion when the news broke early this morning. It has become...
Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation
6.11.2020
The Iranian government has adopted bitcoin for international trade as the country’s economic crisis deepens, with rising Covid-19 cases, depreciating rial, and intensifying sanctions imposed by the U.S. government. Iran’s Economic Troubles Magnified Iran is undergoing a severe economic...
Iran’s New Crypto Law Requires Miners to Sell Bitcoin Directly to Central Bank
29.10.2020
Iran has reportedly revised the country’s cryptocurrency regulation to require licensed bitcoin miners to sell their coins directly to the central bank for use to fund imports. Iran’s Revised Crypto Law The Iranian government has amended its cryptocurrency regulation to enable...
Iranian Lawmaker Says Bitcoin Should Be Central Bank’s Turf
2.6.2020
An Iranian lawmaker wants his country’s central bank to take bitcoin seriously
Iran Central Bank Branch Set on Fire, Crypto Community Follows Events
17.11.2019
The crypto community closely follows the developments as Iran’s central bank branch was set on fire by protesters
Trading Bitcoin Is Illegal in Iran, Central Bank Official Warns
8.7.2019
Buying and selling bitcoin is prohibited in Iran by a local AML authority, a Central Bank official said
Iranian Authorities Shut Down Two Crypto Mining Farms Amid Power Spike
28.6.2019
Authorities in Iran have reportedly seized roughly 1,000 bitcoin mining machines from abandoned factories