Iran | Crypto Profit Bot

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 […]

Iran government reportedly bans local blockchain association

June 21, 2021

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A crypto warning list is the main cause of the ban, according to the head of the Iran Blockchain Community. The Ministry of Interior of the Islamic Republic of Iran has blocked the activities of the Iran Blockchain Community (IBC), but the association claims they still haven’t received direct notice. The Social Affairs Organization of […]

Report: Iran may reap upwards of $1 billion in annual Bitcoin mining revenues

May 21, 2021

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The country uses the digital currency to pay for imports and circumvent oil sanctions. 25100 Total views 28 Total shares While Iran’s regulatory relationship with Bitcoin runs hot and cold, a new report from blockchain analytics firm Elliptic indicates that regulated mining activities may be driving upwards of $1 billion in revenues and helping the […]

Iranian intelligence officers target illegal cryptocurrency miners

May 21, 2021

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Iran has reportedly enlisted the help of intelligence officials to track down illegal cryptocurrency mining farms. 3000 Total views 10 Total shares The Iranian government is using intelligence officers to find and stop large-scale farms that have been set up to mine cryptocurrencies like Bitcoin (BTC), Bloomberg reported on Friday. The Iranian Students’ News Agency […]

Iranian crypto miners using household energy will face large fines

May 17, 2021

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Iran is fighting against unauthorized crypto mining amid ongoing energy supply shortages. 6130 Total views 32 Total shares The Iranian government continues to closely monitor the cryptocurrency mining industry by initiating new measures against home crypto miners, according to a new report. Mostafa Rajabi, a spokesperson for Iran’s Ministry of Energy, said that crypto mining […]

Iran’s central bank says officially mined crypto can be used to pay for imports

April 27, 2021

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A developing strategy to mitigate the crippling effect of economic sanctions could see cryptocurrencies being used by Iranian firms to pay for imports such as raw materials and electronics. 9412 Total views 72 Total shares Iran is continuing to explore the potential use of cryptocurrency as a tool for mitigating the devastating impact of economic […]

Another crypto firm hit with fines for violating U.S. sanctions

February 18, 2021

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BitPay apparently screened merchants but not customers. 2312 Total views 10 Total shares BitPay will have to pay the U.S. Treasury’s Office of Foreign Asset Control over half a million dollars for crypto services to sanctioned regions. In a Feb. 18 announcement of the settlement, OFAC said that BitPay had facilitated “approximately $129,000 worth of digital […]

ConsenSys Grants Help Iranian Women Learn Solidity

February 13, 2021

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The Ethereum incubator’s instructional program offers scholarships to help developers get started with coding in Solidity. (Shutterstock) Feb 13, 2021 at 1:00 p.m. UTCUpdated Feb 13, 2021 at 3:21 p.m. UTC ConsenSys Grants Help Iranian Women Learn Solidity Seven female coders from Iran got scholarships and graduated from a bootcamp of ConsenSys Academy, Ethereum startup […]

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Category: Iran