Iran plans to evade sanctions with cryptocurrency
The Central bank of Iran and the Iranian Ministry of Energy have amended a law that allows cryptocurrency to be used to fund imports.
The Central bank of Iran and the Iranian Ministry of Energy have amended a law that allows cryptocurrency to be used to fund imports.
Iran’s Thermal Power Plant Holding Company it will be offering power to block reward miners from three of its power plants.
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 collapse of Iranian exchange Bitisis has prompted an investigation from police in China.
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.
Unfortunately, not all foreign states are using cryptocurrencies for reputable purposes.
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.