Iran | Crypto Profit Bot

CEXs refuse blanket asset freeze of all Russian users, though questions linger

March 4, 2022

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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. 1625 Total views 40 Total shares Centralized exchanges (CEX) and CEOs from companies such as Binance, Coinbase and Kraken have all stated they would only freeze the assets of Russian clients […]

OpenSea updates banned countries list sparking decentralization debate

March 4, 2022

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The world’s largest NFT marketplace has confirmed that it blocks users based on the U.S. sanctions list. 747 Total views 5 Total shares U.S.-based NFT marketplace OpenSea has reportedly begun barring Iranian users from its platform, sparking outrage from NFT collectors and raising fresh debate about decentralization in the crypto space. On Thursday morning, Iranian […]

Sanctions and trade: Iran aims to develop a central bank digital currency

February 14, 2022

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As payment methods continue to evolve, new innovations are improving financial infrastructures that have been in use for years. Currently, central bank digital currencies (CBDCs) are a topic that has grabbed the attention of many nations worldwide including the Islamic Republic of Iran. The Middle Eastern nation has faced considerable economic and financial hardships due […]

Digital Denarius: How a crypto revolution could have saved the Roman Empire

January 30, 2022

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Two currency crises two thousand years apart. Modern-day Venezuela and the Roman Empire have more in common than you might think. Both know too well the dangers of soaring inflation and a collapse in investor confidence. But, only one has crypto on its side. Venezuela’s official currency, the bolívar, has suffered from hyperinflation for half […]

Iran to allow crypto payments for international trade: Report

January 11, 2022

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Iran is reportedly looking to unlock opportunities for importers and exporters to use crypto in international deals. 1094 Total views 40 Total shares The Central Bank of Iran, or CBI, and the Ministry of Trade have reached an agreement to link the CBI’s payment platform to a trade system allowing businesses to settle payments using […]

Iran halts authorized crypto mining to save energy for winter

December 27, 2021

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Iran Blockchain Association head calls for special council on crypto laws

November 4, 2021

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The Blockchain Association is offering to assist with crypto regulations in the Islamic state. 526 Total views 20 Total shares According to Iran’s main blockchain organization, authorities have been remiss in their enforcement of cryptocurrency laws. The association is concerned about the government’s inactivity, offering its help to regulators that it feels are inadequately prepared […]

Billion dollar Bitcoin mining industry resumes in Iran after three-month ban

October 1, 2021

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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. 4215 Total views 22 Total shares The Iranian government will allow licensed cryptocurrency miners to resume operations today following a three-month ban imposed by former President […]

Tehran Stock Exchange CEO resigns following discovery of Bitcoin miners in basement

September 29, 2021

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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. 6817 Total views 61 Total shares Ali Sahraee, the chief executive officer of the Tehran Stock Exchange since 2018, has reportedly resigned after the discovery of cryptocurrency […]

Proposed bill in Iran could ban all foreign-mined cryptocurrencies

July 2, 2021

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Lawmakers seem to be attempting to establish a legal framework behind a Central Bank of Iran decision for people to only use crypto from state-licensed mining operations for payments. 5102 Total views 12 Total shares A new bill drafted by the Iranian Parliament Commission on Economy aims to restrict the use of cryptocurrencies within the […]

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Category: Iran