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Tag: Iran

Iran Aims to Roll Out Pilot Version of Crypto Rial Within 2 Months

June 26, 2022 wp-bot Bitcoin News

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

June 21, 2022 wp-bot Bitcoin News

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

June 20, 2022 wp-bot Cointelegraph

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

May 17, 2022 wp-bot Bitcoin News

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

May 14, 2022 wp-bot Bitcoin News

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

April 19, 2022 wp-bot Bitcoin News

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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