The digital money issued by the Central Bank of Iran is termed “crypto rial”. Officials have also begun issuing crypto mining licenses. On Wednesday, the CBI of Iran declared that on Thursday, “the pilot launch of crypto rial” will commence, as reported by the Iranian Chamber of Commerce, Industries, Mines,
A rural electric utility company, a children’s hospital, and others are among the sanctions. The suspected attackers and their firms have been added to OFAC’s sanctions list. A ransomware gang linked to Iran’s Islamic Revolutionary Guard Corps (IRGC) has been sanctioned by the United States Treasury’s Office of Foreign Assets
Iran has placed a $10 million import order with cryptocurrency in a historic first. Iran’s borders remain closed to cryptocurrency trading in 2019. Iran officially allows the use of cryptocurrency in trade and imports, according to Minister of Industry, Mines, and Trade Reza Fatemi Amin. This green light is an
Iran Imports goods worth $10 Million in Cryptocurrency. Smart contracts and digital assets will be widely utilized in international trade. According to recent reports, the Middle East country, Iran placed its first import order using cryptocurrencies, which includes products worth $10 million. Iran’s Ministry of Industry, Mine, and Trade granted
Each country focuses on crypto regulations, some have strengthened the rules but revising and making minor changes is constant. Similarly, the authorities of Iran have amended regulations for the crypto miners which now gives easy-access to renewable sources. This allows licensed miners to purchase electricity generated from renewable energy at
Kraken exchange platform holds customers from the country listed in Sanction. Around 2K “verified accounts” are from Iran, Syria, and Cuba. Kraken, a notable crypto exchange, has been under investigation by the U.S Treasury Department. The investigation is due to the suspension of the platform for allowing users from restricted
Fines for illicit mining actions have been raised by 400 percent. First-time offenders would be denied access to subsidized energy for three months. Iran’s Tavanir power distribution company has implemented a new set of stringent procedures to combat illegal crypto mining. Fines for illicit actions have been raised by 400
Salehabadi said the pilot project would begin in one of the countries’ provinces. Only the monetary authority can issue and control the supply of crypto rial. According to the Persian calendar’s Shahrivar month, which begins on Aug 23, Iranian officials are preparing to begin a pilot program for the crypto
Iranian authorities issued permits to 1,000 crypto miners in January this year. It was estimated that illicit miners used roughly 600 megawatts of electricity. The Iranian Ministry has decided Energy curtail the energy supplied to the country’s officially recognized crypto mining operations. According to Tehran Times, this decision will come
The Ministry of Finance froze more than 9,219 bank accounts belonging to 545 people. Iranian authorities are also taking action against cryptocurrency mining beyond the law. According to a statement released Saturday, foreign cash and cryptocurrency transactions have been deemed suspicious by Iran’s Ministry of Intelligence. The Ministry of Finance
