Tag Archives: Iran

The Iranian Ministry of Energy has ordered local authorized cryptocurrency miners to temporarily suspend their activities in the face of electricity shortages during the coldest months of the year. This is the second time authorities take measures of this kind as they did the same between May and September this year. Same Ban, Different Season After blaming BTC mining for electricity blackouts, the Iranian government placed a temporary ban at the end of May. The country’s...

The leader of the Iran Blockchain Association (IBA) – Abbas Ashtiani – opined that the country’s central bank (CBA) is not capable of implementing a comprehensive regulatory framework on digital assets. As such, the authorities need to develop an “independent counsel” to resolve the issues. How Will Iran Regulate Crypto? Imposing regulations on the digital asset industry is a policy that each government takes quite individually. While China completely banned crypto mining and...

Da der jährliche Stromverbrauch um sieben Prozent gestiegen ist, erklärt die iranische Elektrizitätsagentur das Bitcoin Mining für illegal. Foto: Iranischer Safran. 80% des weltweit produzierten Safran stammt aus dem Iran. Foto CC0 Public Domain via Pixabay Digitale Währungen wie Bitcoin spielen eine weiterhin steigende Rolle in der Wirtschaft des Iran. Der Staat hat vielfältige wirtschaftliche Sorgen, sodass das Land auf Suche nach...

Iranian lawmakers recently drafted a bill to “support cryptocurrency mining and organizing the domestic market for exchanges.” Inside the Bill The plan involves making the Central Bank of Iran the primary regulatory body regarding the domestic exchange of cryptocurrencies within three months. This includes plans to prohibit the exchange of any cryptocurrency within the country, aside from a national one, as means of payment. A particularly interesting section of the bill...

Iranian authorities have confiscated about 7,000 cryptocurrency mining machines. The latest development is in line with Iran’s crackdown on illegal bitcoin mining activities. According to Reuters on Tuesday (June 22, 2021), General Hossein Rahimi, Tehran police chief, revealed that the computer miners were found at an abandoned factory in Iran’s capital, which was used to carry out illegal cryptocurrency mining activities. The latest seizure is the largest ever carried out by...

Iran has officially banned bitcoin mining. In a recent statement, the country’s president Hassan Rouhani says that the nation has been the victim of numerous blackouts over the past several months and officials are claiming the extraction of new digital coins could be the cause. Thus, the government is not willing to take any chances and is setting a ban in place before things can potentially get worse. Iran Ends All BTC Mining… For Now Bitcoin mining has been under...

After blaming BTC mining for electricity blackouts and sending spies to hunt down illegal miners, Iran has placed a temporary ban on such endeavors in its borders. According to a Bloomberg coverage, the Iranian government has placed a ban on all cryptocurrency mining endeavors until September 22nd. The ban is effective immediately and comes ahead of the country’s highest energy consumption season. This is Iran’s most strict attempt to reduce crypto mining, which soared in...

The Iranian government enlisted intelligence officers with the task of cracking down on illegal cryptocurrency miners. This unprecedented move aims to solve the nation’s concerns with rising electricity consumption. The Government vs. Illegal Crypto Miners The Iranian authorities seem determined to solve their issues with illicit crypto mining. Bloomberg reported that the Ministry of Intelligence helped set up committees across the Asian country to detect and seize computer...

Over the weekend, Iran was the victim of several energy blackouts that saw entire electrical grids go dark for hours at a time. Now, government heads are saying that bitcoin mining may have had something to do with these blackouts.Iran Suffers Blackouts; BTC Mining to Blame?Iran – like many of the world’s nations – has been hit hard by the coronavirus pandemic. The nation is under heavy economic stress and often sees its energy sectors mismanaged by those who have been put in charge. However,...

Iranian authorities have confiscated 45,000 bitcoin mining rigs that used subsidized electricity to mine the cryptocurrency. This is yet another considerable seizure in the Middle East country, which has experienced frequent blackouts that the government blamed on BTC mining.45,000 BTC Mining Machines Confiscated In IranLocal media outlets reported that the police had seized about 45,000 rigs that consumed 95 megawatts per hour (MWh) of electricity at lower prices.Head of the country’s...