iran

Iran Raises Alarm Over Potential Influx of Miners From China

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<div class=”featured_image_container”> </div> <strong>With the government in Beijing cracking down on their operations, Chinese miners have been on the lookout for other jurisdictions. Providing low-cost energy, Iran has emerged as a prospective destination. However, the country’s state-owned power utility has expressed concerns over a possible influx of miners and illegal imports of mining hardware from …

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University of Cambridge Bitcoin Mining Map Shows China’s Hashrate Dropped to 46%

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<div class=”featured_image_container”> </div> <strong>After the researchers from the Cambridge Bitcoin Electricity Consumption Index (CBECI) project said that the website’s “Bitcoin Mining Map” had not been updated since April 2020, the map has finally been updated. Current data from the mining map shows the coverage goes all the way up until April 2021, and the estimate …

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Iran pauses electricity exports due to crypto mining and hot summer

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Iran’s challenge with the ever-increasing electricity consumption reached new heights, leading the country to halt electricity exports. Abuzer Salihi, general manager of Iran’s electricity distribution company Tevanir, announced on state television that it has reduced electricity exports to zero “so that there is no problem in electricity supply in the country.” He said that the …

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Licensed Iranian crypto miners ordered to halt production ‘altogether’

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Eshaq Jahangiri, the first vice president of Iran under Hassan Rouhani, has called on all legally operating crypto miners in the country to stop producing coins. According to a Wednesday report from the Tasnim News Agency, Jahangiri said at a meeting with officials of the Ministry of Energy that the electricity restrictions for Iranians were …

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New Bill to Ban Crypto Payments in Iran, Support Mining and Regulate Exchange

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<div class=”featured_image_container”> </div> <strong>Urged by the growing popularity of cryptocurrencies, Iranian lawmakers have prepared new legislation to introduce comprehensive rules for the expanding industry. While the bill effectively bans crypto payments in the country, it aims to support cryptocurrency mining and regulate the exchange market. </strong> Draft Law Prohibits Crypto Payments in Islamic Republic Members …

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Proposed bill in Iran could ban all foreign-mined cryptocurrencies

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A new bill drafted by the Iranian Parliament Commission on Economy aims to restrict the use of cryptocurrencies within the country while providing a clearer legal framework for miners. According to a Friday report from the Tasnim News Agency, lawmakers drafted a bill titled “Support for cryptocurrency mining and organizing the domestic market for exchanges,” …

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Iran Counts 30 Crypto Mining Farms Licensed to Mint Digital Currencies

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<div class=”featured_image_container”> </div> <strong>Iranian authorities have so far authorized 30 facilities for cryptocurrency mining. The crypto mining farms are spread across several regions, including Tehran Province. The government has put out the data amid a crackdown on illegal miners in the country. </strong> A Third of Authorized Mining Farms Are Based in Two Provinces The …

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Iran Seizes 7,000 Bitcoin Mining Machines

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<div class=”featured_image_container”> </div> <strong>Iranian police have reportedly seized 7,000 bitcoin mining machines operating illegally in the country. The machines were found in an abandoned factory west of the capital.</strong> 7,000 cryptocurrency mining machines have been seized by Iranian authorities, state news agency IRNA reported Tuesday, noting that this is Iran’s largest seizure of cryptocurrency mining …

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Tehran Government Bans Iran Blockchain Association

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<div class=”featured_image_container”> </div> <strong>The Ministry of Interior of the Islamic Republic has suspended the Iran Blockchain Association (IBA). The measure comes after the organization allegedly breached government regulations. IBA unites participants in the country’s growing crypto sector who are engaged in blockchain technology development. </strong> Iranian Authorities to Review IBA Dealings With Crypto Exchanges The …

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Iranian president calls for legal framework for crypto trading

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Iran is looking for ways to introduce a legal framework for cryptocurrencies while Bitcoin (BTC) mining remains under embargo in the country.  During the Cabinet’s Economic Coordination Board meeting on Tuesday, Iranian President Hassan Rouhani emphasized the need to legalize cryptocurrency activities to preserve and protect national interests. Rouhani said the country must pay attention …

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