Cryptocurrency Analysis and News Portal
According to Iran’s main blockchain organization, authorities have been remiss in their enforcement of cryptocurrency laws. The association is concerned about the government’s inactivity, offering its help to regulators that it feels are inadequately prepared to handle such a challenging task. Abbas Ashtiani, head of the Iran Blockchain Association (IBA), said
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The leading crypto industry association in Iran has slammed authorities for their passive stance regarding crypto regulation. The government’s inaction is a source of concern, the organization said, offering its assistance to regulators whom it considers not sufficiently qualified to deal with the complex issue. Blockchain Association Proposes Public-Private Partnership
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The central bank of Iran is gearing up to begin the pilot phase of its digital currency project in the near future, its new head announced to representatives of local media. The monetary authority is also preparing to move forward with a plan to reform the legislation that governs its
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The Iranian government will allow licensed cryptocurrency miners to resume operations today following a three-month ban imposed by former President Hassan Rouhani on May 26th, 2021.The initial ban was put into effect due to concerns over the stability of the country’s unreliable power grid.The middle eastern country experienced widespread power
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Authorities in Iran are continuing their crackdown on unauthorized cryptocurrency mining as electricity demand remains high. The country’s power utility company has so far closed down more than 5,300 illegal mining facilities, seizing an enormous amount of coin-minting machines. Power Utility Confiscates More Than 216,000 Mining Units From Unlicensed Miners
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Iran is prepared to remove cryptocurrency mining bans in response to this summer’s electricity shortages. According to Iranian media, on September 22nd, the government will overturn the prohibition on cryptocurrency mining for authorized miners. Per the Iran Power Generation, Distribution, and Transmission Company (Tavanir), the power demand strain would have
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Iran will once again allow Bitcoin and crypto miners to operate in the country from the last week of September.According to a report by Iran’s Financial Tribune, Tavanir, the country’s power generation organization, made the decision known earlier in August.As previously reported by Cointelegraph, Iran’s government banned Bitcoin (BTC) and crypto
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