Tag: iran

Iran recorded its first formal order for the import of goods valued at $10 million and paid for in cryptocurrency, marking a historic defining moment in the usage of cryptocurrencies. The Ministry of Industry, Mine and Trade says the country intends to employ cryptocurrencies extensively in its international trade with target countries, according to a local Iranian news source. Iran Turn Towards Crypto...

Iran has been compelled to adopt crypto as a means of exchange for international trade agreements as a result of ongoing economic sanctions against the Islamic regime. Iran has made its first international import order worth $10 million in cryptocurrencies, according to a top government trade official, despite being subject to decades of economic restrictions. […] The post...

Iran's Payman-Pak didnt reveal any details about the imported goods or the specific cryptocurrency used in the transaction. Iran Makes First Import Using Cryptocurrency Iran has revealed its first use...

Iran has completed its first foreign trade order for $10 million worth of import goods using cryptocurrency, according to a tweet by the country's Vice Minister of Industry, Mine & Trade Alireza Peyman Pak. این هفته، اولین ثبت سفارش رسمی واردات با...

A report says that despite a company ban and economic penalties on Iran, the largest cryptocurrency exchange Binance continued to serve Iranian customers. Binance Under Fire In spite of Iran being added to Binance's blacklist of countries it would not do business with, local traders reportedly continued to do so, according to a...

Iran’s Ministry of Energy has decided to cut down the supply of electricity given to the authorized crypto mines units of the country. As reported by Tehran times, this decision will be implemented on the upcoming Wednesday. The step is taken to stop the access of electricity to unauthorized mines. The electricity of authorized cryptocurrency...

Since its inception in 2009, Bitcoin, as well as the succeeding cryptocurrencies, have generated controversy. Throughout the world, the majority of nations are attempting to establish rules and regulations governing cryptocurrencies. In Iran, while the government permits regulated cryptocurrency mining, authorities cracked down on unauthorized mining last year in order to alleviate strain on the country's energy supply. The Iranian...

On Monday, the Central Bank of Iran (CBI) announced that it notified domestic banks and credit institutions about a series of regulations related to Iran’s ‘crypto-rial,’ its forthcoming central ba...

OpenSea, the world's largest NFT marketplace, reportedly began blocking Iranian users citing U.S. sanctions against the country, while popular Ethereum wallet MetaMask was unavailable in certain blacklisted countries due to...

According to a recent report published by Tehran Times, Iran is planning to roll out the pilot phase of its national cryptocurrency in the near future.

The Central Bank of Iran (CBI) plans to roll out a digital currency pilot phase soon. According to a top CBI official, the digital currency will benefit the country by helping to resolve financial inconsistencies and bring decentralization. Iran has...

The Central Bank of Iran (CBI) plans to allow cryptocurrencies to be used for international trade in the Middle Eastern country. According to a local report, the CBI has reached an agreement with the country's Ministry of Trade to integrate...

Iran has declared its second crypto mining ban for this year in an attempt to conserve more power during the bitter cold winters. Mostafa Rajabi Mashhadi, director of the public firm, Iran Grid Management Co. and a spokesman for Iran’s power industry noted that the ban will last until March 9 of next year. According to The post Iran confirms second crypto mining...

The country has ordered miners to shut down for the second time this year over blackouts concerns.Iran has restricted bitcoin mining operations for the second time this year.Licensed miners are required to shut down until March.Excessive energy demand has led to less power sent to industrial consumers.Iran has once again ordered bitcoin miners to shut down to ease power...

Iran expects energy needs across the nation to increase during low temperatures in the coming months. Local energy authorities in the country have therefore decided to halt operations of authorized...

The country has given licensed bitcoin miners the green light to come back online after a four-month ban.Iran has lifted its ban on bitcoin mining instituted in May, and licensed farms can come back online.The government sought to restrict energy usage during the summer's three months due to the high toll temperatures and air conditioning take on the country's power grid....

Kazakhstan, the Central Asian nation that became a Bitcoin mining hub in the wake of the Chinese crypto crackdown and miner exodus might have to shut BTC mining operations temporarily. The country is facing an electricity crunch that intensifies in winter and the government might have to impose restrictions on Bitcoin mining to ensure ample The post Kazakhstan Might Have to Shut Bitcoin...

The state agency responsible for power generation and distribution reportedly said restrictions on bitcoin mining would be lifted next month.The Ministry of Industries, Mining, and Trade will soon lift the restrictions on bitcoin mining imposed in May, reported the...

A country so troubled could benefit mightily from an early adoption of such a powerful technology.Dear Ebrahim Raisi,Congratulations on your victory in the presidential election. This election and your term as President will dictate the future of Iran. I am a citizen of Iran who has spent my life living in America, and I want to take this moment to discuss...