Iran tightens penalties for illegal block reward miners
The proposed rules will see an increase in fines by up to fivefold and will also be accompanied by revocation of business licenses and threat of imprisonment as a last resort.
Latest Iran News
Iranian central bank to launch its crypto-rial CBDC
The Central Bank of Iran has notified commercial banks that it intends to launch the state bank-backed digital currency soon, issuing a series of regulations that pave the way for the currency.
Georgia makes residents pledge holy oath vs digital currency mining
As China leads a number of countries in legal measures against block reward mining, Georgia is turning to a different solution—a holy oath against mining.
Iran eyes CBDC pilot to decentralize resources
The Iranian central bank plans to begin a pilot for its CBDC soon, an executive has revealed, saying it will resolve inconsistencies and decentralize resources.
Iran to finalize integration of digital currencies for international trade in 2 weeks: report
The Central Bank of Iran and the Ministry of Trade will partner on the initiative geared towards evading international sanctions on the Iranian economy.
Iran cuts off power to miners to save energy for winter
The Iranian national grid operator said that this is one of many measures meant to ensure that residents won’t experience blackouts once winter sets in.
Tehran Stock Exchange CEO steps down after discovery of illegal mining operation in building
The executive initially denied links to the mining operation, then claimed it was for research purposes before admitting to his illicit actions and stepping down.
Iran to lift block reward mining ban in September
Government officials had identified block reward mining as one of the biggest energy guzzlers, expressing particular concern over the illegal miners which the government is still struggling to bring down.
Iranian tax agency calls for legal digital currency exchanges
The Iranian National Tax Administration put forward proposals for a new legal regime for digital currency trading, following a recent announcement by President Hassan Rouhani that measures would be introduced.
Iranian block reward miners ordered to stop all mining amid energy shortages
The instruction came from first vice president of Iran Eshaq Jahangiri, who said all of the country’s licensed mining companies should halt production.
Iranian trade body issues 30 new block reward mining licenses
The new licenses are required for businesses hoping to mine digital currency in the country, a legal requirement in Iran since laws were introduced in July 2019.
Iran seizes 7,000 block reward mining machines in latest raid
Police in the capital Tehran have seized the 7,000 block reward mining machines from an “an abandoned factory in the west of the capital,” according to reports.