Iran News

For years, the country has heavily subsidized its electricity production leading to extremely low prices. It claims that this has now become unsustainable.

The fines will reportedly triple compared to current rates while repeated violations will lead to jail time.

If Western sanctions ramp up, CEXs may be forced to ban all Russian users from using their services, as they have previous done in Iran.

The world’s largest NFT marketplace has confirmed that it blocks users based on the U.S. sanctions list.

Inflation in the eurozone soared to 5.8% in February, well above the European Central Bank’s 2% target, amid a backdrop of escalating sanctions against Russia.

While the central bank announced its intention to launch a CBDC, exact details are still scarce.

As Venezuela and Iran find themselves caught up in the cryptocurrency revolution, could this have saved the Roman Empire from crumbling into infighting and crippling inflation?

The Central Bank of Iran hinted at a possible CBDC pilot soon without elaborating on the time frame of the program.

Iran is reportedly looking to unlock opportunities for importers and exporters to use crypto in international deals.

Iran previously put a temporary blanket ban on crypto mining amid historically peak periods for power demand in summer.

The Blockchain Association is offering to assist with crypto regulations in the Islamic state.

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.

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.

Iran’s Ministry of Industry, Mine and Trade questioned Tavanir’s claims that illegal mining activities consume 2,000 megawatts of power.

Authorized Bitcoin miners will be able to resume their operations after the electricity preservation policy during the hot summer months.