Iran – Page 13 – DIGIT INFO

Iran Warns Crypto Investors Amid Ban on Bitcoin Mined Outside Its Borders

The Central Bank of Iran has issued a warning against unrestrained crypto trading and reminded investors that only cryptocurrencies minted by licensed miners in the Islamic Republic can be used under limited circumstances. Traders will bear full responsibility for the risks, the bank cautioned, although spending crypto on imports through approved banks and exchanges remains […]

Go to Source

Iran seems to be attempting to ban foreign-mined cryptocurrencies for payments

A difficult-to-enforce ban may actually be part of a larger sanctions-avoidance strategy.

Go to Source

Iran’s central bank says officially mined crypto can be used to pay for imports

A developing strategy to mitigate the crippling effect of economic sanctions could see cryptocurrencies being used by Iranian firms to pay for imports such as raw materials and electronics.

Go to Source

Iran Authorizes Banks and Currency Exchangers to Use Cryptocurrencies to Pay for Imports

Iran's Central Bank Authorizes Banks and Currency Exchangers to Use Cryptocurrencies to Pay for Imports

The Central Bank of Iran has authorized banks and currency exchangers to use cryptocurrencies mined by licensed crypto miners in the country to pay for imports. Meanwhile, a bill is being drafted to provide regulatory clarity regarding crypto-related activities. Using Cryptocurrencies to Pay for Imports The Central Bank of Iran (CBI) has announced that banks […]

Go to Source

Chinese investors reboot Iranian Bitcoin mining facility

A Chinese-Iranian Bitcoin mining facility is set to resume operations after being forced to shut down earlier in the year.

Go to Source

1.2 Billion People Live Under Double-Digit Inflation, ‘Many Have Found Escape in Bitcoin’ Says HRF’s Alex Gladstein

While central banks are focusing on creating more stimulus and economists expect inflation in the U.S. to rise, a number of other countries are suffering from considerable inflation right now. On Monday, the chief strategy officer for the Human Rights Foundation, Alex Gladstein, explained that 1.2 billion global citizens are living under inflation rates as […]

Go to Source