Search Results for: iran

Iran Commences CBDC Pilot Dubbed ‘Crypto Rial’

The digital money issued by the Central Bank of Iran is termed “crypto rial”. Officials have also begun issuing crypto

3 days ago 2 mins read

Iran Allows Trading and Imports Using Crypto to Avoid Sanctions

Iran has placed a $10 million import order with cryptocurrency in a historic first. Iran’s borders remain closed to cryptocurrency

4 weeks ago 2 mins read

Iran Confirms Its First Cryptocurrency-Based Import Order

Iran Imports goods worth $10 Million in Cryptocurrency. Smart contracts and digital assets will be widely utilized in international trade.

2 months ago 1 min read

Crypto Miners Get Leverage From Iran Regulation: Access To Renewable Power

Each country focuses on crypto regulations, some have strengthened the rules but revising and making minor changes is constant. Similarly,

2 months ago 2 mins read

Iranian’s Used Binance Services Despite U.S Sanctions as per Report

Traders from Iran were banned from Binance’s exchange in November 2018. The company has been utilizing Reuters WorldCheck for KYC

3 months ago 2 mins read

Iranian Power House Warns of Stringent Action on Illegal Crypto Mining

Fines for illicit mining actions have been raised by 400 percent. First-time offenders would be denied access to subsidized energy

3 months ago 2 mins read

Iran Expected To Launch Countries Pilot Version of Digital Rial by Aug 23

Salehabadi said the pilot project would begin in one of the countries’ provinces.  Only the monetary authority can issue and

3 months ago 2 mins read

Iran Decides To Cut Power Supply For Crypto Mining Activities

Iranian authorities issued permits to 1,000 crypto miners in January this year. It was estimated that illicit miners used roughly

3 months ago 2 mins read

9,219 Bank Accounts Frozen by Iran Over Suspicious Crypto Transactions

The Ministry of Finance froze more than 9,219 bank accounts belonging to 545 people. Iranian authorities are also taking action

4 months ago 2 mins read

Iran Resumes Bitcoin Mining Industry After Three-Month Ban

The government banned mining for three months in May. Officials in Iran have been chasing unlicensed miners. According to the

12 months ago 2 mins read