Kraken under US investigation over allegedly violating Iran sanctions
U.S. authorities are reportedly investigating Kraken due to suspicions that the controversial digital currency exchange has violated economic sanctions against Iran.
U.S. authorities are reportedly investigating Kraken due to suspicions that the controversial digital currency exchange has violated economic sanctions against Iran.
Binance could be in major regulatory trouble with Uncle Sam after the controversial digital currency exchange was accused of ignoring economic sanctions imposed on Iran.
Central Bank of Iran governor stated that its crypto rial will be different from current digital currencies and has been designed solely to "replace the banknotes that the people currently possess."
All the 118 registered block reward mining complexes in the country are to suspend their connection to the grid, according to Iran Ministry of Energy spokesperson Mostafa Rajabi Mashhadi.
The Iranian Ministry of Intelligence stated that the total transaction blocked was over $60 trillion tomans, but the amount attributed to digital currency transactions was not disclosed.
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.
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.
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.
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.
The Central Bank of Iran and the Ministry of Trade will partner on the initiative geared towards evading international sanctions on the Iranian economy.
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.
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.