Power plants in Iran can start engaging in block reward mining activities, but only if they don’t use subsidized fuel.
Iran has rolled out a government decree designed to tighten its control over the block reward mining industry and stamp out illegal operators.
The Iranian government is going to revisit its current framework around the transaction processing industry and adjust as they see fit.
Iran has clamped down on the digital currency industry even further, with new laws requiring that all digital currency exchanges be licensed by the central bank.
iMiner will invest $7.3 million in setting up the facility, where 6,000 machines are expected to generate 96,000 TH/s of computing power.
The Iranian general urged the nation to seek more sophisticated measures to counter the mounting international sanctions, including the use of cryptocurrencies
The Iranian gov’t has issued licenses to over 1,000 crypto miners as it seeks to take the industry mainstream. It estimates crypto mining will add $8.5B.
From Thailand’s e-visa to India’s Tata consultants, America’s AMD to China’s TikTok, blockchain is ending the year on a high as more global giants adopt.
The President of Iran has called on Muslim nations to develop a cryptocurrency that could help them avoid using the USD, reducing the U.S economic dominance.