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Amid blackouts and police raids, Iran weighs benefits of Bitcoin mining
23.1.2021
A country where Bitcoin once looked primed to flourish is now attempting to scapegoat the cryptocurrency
Why Pakistan and the Middle East can bet on crypto mining
19.1.2021
By embracing crypto mining activities in the region, Pakistan and Iran may give other nations in the Middle East an example to follow
Iran Seizes 45,000 Bitcoin Miners for Illegally Using Subsidized Government Electricity: Report
19.1.2021
Police in Iran have reportedly seized 45,000 bitcoin mining rigs for illegally using subsidized electricity from the state-owned power utility Tavanir, the local Tasmin News Agency reported this week. According to Mohammad Hassan Motavalizadeh, head of Tavanir, the efficient application-specific...
EU Seeks to Curb Reliance on US Dollar After American Sanctions Exposed Financial Infrastructure Vulnerabilities
19.1.2021
The European Union (EU) is reportedly planning to reduce its reliance on the U.S. dollar-based financial system, after American sanctions on Iran exposed the vulnerabilities of the bloc’s financial infrastructure. According to officials, who are now determined to challenge the dollar’s...
Iran Reportedly Seizes 45K Bitcoin Mining Machines After Closure of Illegal Operations
18.1.2021
The mostly ASIC devices used to mine bitcoin are said to have been consuming 95 megawatts per hour of electricity at a reduced rate
Crypto mining allegedly worsening air pollution in Iran
14.1.2021
Mining for Bitcoin may be contributing to “thick layers of toxic smog” and blackouts across many Iranian cities
Iranian Authorities Close 1,620 Illegal Cryptocurrency Mining Farms: Report
6.1.2021
The illegal mining operations will be disconnected from the national power grid and the miners will face prosecution
Iran Shuts Down 1,620 Cryptocurrency Mining Farms
6.1.2021
Since Iran began recognizing cryptocurrency mining as an industry, it has reportedly shut down 1,620 unauthorized crypto mining farms. Crypto miners initially welcomed the recognition but later said that the electricity tariffs were too high. 1,620 Crypto Mining Farms Shut Down in Iran Iranian...
Central Bank of Iran Official Says Cryptocurrencies Have ‘Made No Contribution to Bypassing Sanctions’
28.12.2020
An official with the Central Bank of Iran (CBI) has claimed that cryptocurrencies have played no significant role in Iran’s sanction hit economy. According to Mohammadreza Mani Yekta, the deputy head of CBI’s office for payment systems, “studies” have shown that digital...
Venezuela ramps up Bitcoin payments for imports from Iran and Turkey
10.12.2020
Venezuela President Nicolás Maduro claims the country will “use all the cryptocurrencies in the world” to bypass U.S. sanctions
Venezuela Pays for Imports From Iran and Turkey With Bitcoin to Evade Sanctions
9.12.2020
Venezuela is reportedly paying companies in allied countries, including Iran and Turkey, with bitcoin to mitigate the effects of U.S. sanctions on its economy. The Venezuelan government is also planning to increase bitcoin usage now that it has a dedicated cryptocurrency mining center. Venezuela...
Venezuela’s Bitcoin Story Puts It in a Category of One
11.11.2020
Venezuela’s peer-to-peer bitcoin activity has been extraordinary, whether measured as an absolute or relative to GDP, according to CoinDesk Research data
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...
The World Is Never Getting Off Government Stimulus
31.10.2020
The Breakdown weekly recap looks at bitcoin buying by Iran, JPM Coin and the latest round of lockdowns coming to Europe
[aktualita] Irán legalizuje Bitcoin, potřebuje jej k financování importu v době přitvrzujících sankcí
30.10.2020
Íránská vláda mění regulaci kryptoměn, Bitcoin se tak v zemi stává prostředkem směny, který má oporu v zákoně podobně jako národní měny s vynuceným oběhem (fiat). Informuje o tom islámská tisková agentura Islamic Republic News Agency (IRNA). Krok je přímou odpovědí na poslední vlnu sankcí...
Canadian CBDC, Cred On Pause, Iran Wants Virgin Bitcoin + More News
29.10.2020
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The Bank of Canada is working with its G7 partners on its plans for a digital currency as the country wants...
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...
Iran Amends Law to Allow Imports to Be Funded With Cryptocurrency
29.10.2020
Strapped for international currencies, Iran is turning to cryptocurrency to allow imports to continue to flow
Iran Is Ripe for Bitcoin Adoption, Even as Government Clamps Down on Mining
24.9.2020
Iran is regulating bitcoin mining with an iron fist. But as U.S. sanctions and the pandemic put pressure on the economy, Iranians are seriously considering bitcoin as an alternative to the falling rial
Iran Grants Bitcoin Miners Exclusive Access To Electricity From Three Power Plants
22.9.2020
Iran has granted bitcoin miners exclusive access to electricity generated from three power plants for their mining activities, according to state power utility Thermal Power Plant Holding Company (TPPH). Mohsen Tarztalab, managing director of TPPH, told a local news agency on Monday that...