Iranians

Iran Raises Alarm Over Potential Influx of Miners From China

<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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Tehran Government Bans Iran Blockchain Association

<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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Government Cannot Stand in the Way of Crypto Technologies, Iran Minister Says

<div class=”featured_image_container”> </div> <strong>New technologies, including blockchain and cryptocurrency mining, have helped Iran to increase budget receipts and withstand foreign sanctions, according to the country’s minister for economy and finance. The high-ranking official believes the government can’t interfere with their development for too long. </strong> Government Official Cautions Against Impeding Crypto Development Over the past …

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

<div class=”featured_image_container”> </div> <strong>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. </strong> Licensed Crypto …

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