The Blockchain Association is offering to assist with crypto regulations in the Islamic state.
Iran — also known as Persia or, officially, the Islamic Republic of Iran — is a sovereign state in Western Asia. Iran is one of the richest Asian countries, as it is the 18th economy by the volume of national production. In 2017, Bitcoin in Iran was considered as an alternative currency because the government wanted to ban U.S. dollars after the U.S. had imposed a ban on entry for seven Arabic states, including Iran. However, according to Iran’s Bitcoin regulation which were issued in 2017, work with cryptocurrency is prohibited for all financial establishments and exchanges. According to Iran’s central bank, cryptocurrency is used for the financing of terrorism, money laundering and making transactions between the criminals.
The extreme heat of the summer has subsided, so crypto mining has been given the green light, as it can no longer be blamed for stressing the electricity grid.12464
Iranian authorities have conducted many raids on crypto miners in abandoned factories, homes and small businesses — nothing quite as high profile as the country's largest stock exchange.9993
Iran’s Ministry of Industry, Mine and Trade questioned Tavanir’s claims that illegal mining activities consume 2,000 megawatts of power.2278
Authorized Bitcoin miners will be able to resume their operations after the electricity preservation policy during the hot summer months.6311
The Iranian tax agency has called for establishing a legal framework for crypto trading platforms so they can be taxed properly.4717
Discounted tariffs made Iran attractive to miners, now the country is having a hard time closing the gap between the production and consumption of electricity.1913
Even Iran's minister of labor has reported electrical disruptions to his home as crypto miners continue to exert demand on the country's power grid.4038
Lawmakers seem to be attempting to establish a legal framework behind a Central Bank of Iran decision for people to only use crypto from state-licensed mining operations for payments.6073
Tehran Province, which houses Iran’s capital, was awarded only one license to operate a crypto mining center.3546
The police chief of Tehran said authorities had raided 50 locations across the Iranian capital in the last 48 hours, discovering 3,000 illegally operating crypto miners.2512
A crypto warning list is the main cause of the ban, according to the head of the Iran Blockchain Community.3890
Iran President Hassan Rouhani wants to protect national interests regarding crypto.14425
Iran's government has placed an immediate embargo on Bitcoin and crypto mining to preserve electricity over the summer months.12631
The country uses the digital currency to pay for imports and circumvent oil sanctions.28477