Iran – Page 12 – DIGIT INFO

Bitcoin mining banned in Iran until September

Iran’s government has placed an immediate embargo on Bitcoin and crypto mining to preserve electricity over the summer months.

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Iran Is Using Bitcoin Mining to Circumvent Sanctions, According to Elliptic

Iran is using Bitcoin mining to circumvent and lessen the effect of the economic sanctions that the U.S. and other countries have applied to the country since 2006, according to a new study by Elliptic, a blockchain analytics and financial crime compliance firm. The country is indirectly using bitcoin mining to export part of its […]

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Iran to Shut Down Licensed Crypto Miners in Peak Hours of Power Consumption

Citing a need to maintain a stable electricity supply for other users, Iran will be pulling the plug on cryptocurrency mining farms whenever power consumption peaks. The measure intended to deal with shortages will target licensed facilities despite the government admitting that illegal crypto miners burn much more energy. Licensed Crypto Miners Use 300 MW, […]

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Report: Iran may reap upwards of $1 billion in annual Bitcoin mining revenues

The country uses the digital currency to pay for imports and circumvent oil sanctions.

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Iranian intelligence officers target illegal cryptocurrency miners

Iran has reportedly enlisted the help of intelligence officials to track down illegal cryptocurrency mining farms.

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Restrictions on Crypto Trading to Deprive Nation of Opportunities, Iranian Fintechs Warn

Startups have spoken out against government attempts to curb the operations of crypto exchanges in Iran. Cryptocurrency trading is not illegal, Iranian fintechs insist, calling on lawmakers and regulators to develop rules that would allow the sanctioned country to continue to take advantage of decentralized money transfers. Iranian Fintechs Insist There Is No Ban on […]

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Buyer of Jack Dorsey’s ‘genesis tweet NFT’ reportedly detained in Iran

Iranian cyber police allegedly seized control of Bridge Oracle CEO Sina Estavi’s Twitter account.

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Iranian crypto miners using household energy to face large fines

Iran is fighting against unauthorized crypto mining amid ongoing energy supply shortages.

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Crypto Miners Using Household Electricity Face Fines as Consumption Spikes in Iran

Those who mine cryptocurrencies with power intended for domestic use will pay hefty fines, the Iranian government warned. The country is experiencing shortages due to reduced hydropower generation as authorities register a surge in electricity consumption for cryptocurrency mining. Crypto Miners to Pay for Damages to the Power Grid Hydropower plants in Iran have been […]

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Iranian Tax Agency to Profile Owners of Cryptocurrency Exchanges

Cryptocurrencies have been a cause for concern in Teheran as the digital assets have attracted capital from other, traditional markets. The parliament’s leadership has now asked the tax agency to profile the owners of Iranian platforms facilitating cryptocurrency trading and report to the Majlis. Parliament Speaker Asks Tax Agency to Report on Crypto Trading Platforms […]

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