The government in Tehran is taking steps in preparation of the launch of Iran’s new digital currency, referred to as the crypto rial. The monetary
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Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand
Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be
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Iranian government to cut power supply for the country’s legal crypto mining rigs
For years, the country has heavily subsidized its electricity production leading to extremely low prices. It claims that this has now become unsustainable.
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Iran Blocks 9,200 Bank Accounts Over Suspicious Foreign Currency, Crypto Transactions
Iran’s Ministry of Intelligence has reportedly blocked almost 10,000 bank accounts over suspicious foreign currency and cryptocurrency transactions. The action was carried out in collaboration
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Number of Busted Illegal Crypto Mining Farms in Iran Nears 7,000
Authorities in Iran have shut down close to 7,000 unauthorized facilities for cryptocurrency mining in the past two years, local media revealed. According to a
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Iran to Increase Penalties for Unauthorized Cryptocurrency Mining
Iran has drafted new rules to increase penalties for illegal cryptocurrency mining in the country, including additional fines and imprisonment. “Any use of subsidized electricity
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