Authorities closed 1,620 illegal cryptocurrency mining farms that were used 250 megawatts of electricity since July 2019, when mining was legalized, spokesman of the Power Generation,…
Cryptocurrencies in Iran
Cryptocurrency could be used to import electronic devices, says Shahab Javanmardi, a member of the Iran Chamber of Commerce Industries Mining and Agriculture, noting that a change in government…
As cryptocurrencies, especially Bitcoin, hit record highs, the Central Bank of Iran has recommended the public to refrain from investing in the digital currency.
The Central Bank of Iran is studying the issuance of “crypto-rial” as a central bank digital currency (CBDC) and a digital form of the country’s fiat money, the CBI director of Payment Systems…
The judiciary in Tehran has reported a jump in court cases related to illegal cryptomining calling for new measures to further restrict subsidized electricity for mining cryptocurrencies.
Iran’s government on Saturday ratified regulations for legal cryptocurrency mining, as per which cryptocurrency mined by authorized miners would be used for imports. The measure proposed…
Three thermal power plants are to sell their electricity to authorized cryptocurrency miners in Iran, the managing director of Thermal Power Plant Holding Company, affiliated to Energy Ministry…
The Power Generation, Distribution and Transmission Company (Tavanir) has identified and shut 1,100 unlicensed crypto mining farms with the help of whistleblowers.
Cryptocurrency miners have one month to register smuggled mining equipment, said a deputy minister of Industries, Mining and Trade, the body in charge of authorizing crypto mining industry.…
Power plants can supply authorized cryptocurrency miners so long as the electricity is sold at the agreed (lawful) tariffs, a spokesperson for the Power Generation, Distribution and Transmission…
In a bid to support authorized cryptocurrency mining, Iran Power Generation, Distribution and Transmission Company (Tavanir) said it will cut up to 47% of electricity tariff for miners during…
The government will offer incentives to whistleblowers who name unauthorized cryptocurrency miners to the relevant authorities, managing director of Power Generation, Distribution and…
The Ministry of Industries, Mining and Trade has issued 1,000 plus licenses for cryptocurrency mining units so far, an official with Iran’s ICT Guild Organization said. A limited…
The Energy Ministry's recently-announced discounts on power rates for authorized cryptocurrency miners seems to be not enough for making the business financially feasible. In fact, some miners…
Ministry of Energy has recently called authorized crypto miners to set up their own renewable energy at farm levels, allowing miners to use the national grid as a backup when renewable output is…
Addressing concerns over high electricity prices for legal crypto mining operations, Iran's Ministry of Energy said Wednesday that it has modified the tariffs for authorized miners based…
The government's move in July to regulate cryptocurrency mining as a legal industrial activity has been broadly welcomed by miners, though they say minor adjustments in regulations would create…
Cryptocurrency miners will be eligible for tax exemption if, like non-oil exporters, they repatriate their overseas earnings, Iran's National Tax Administration said.
The head of Iran Blockchain Community says imposing high tariffs on electricity consumption by cryptocurrency mining is actually pushing miners out of Iran and into neighboring countries waiting…
The government says it recognizes mining of cryptocurrencies as an industrial undertaking and sent a directive to the relevant government bodies at the weekend. Rules primarily…
After months of speculation over the fate of mining and trading cryptocurrencies in Iran, the government late on Sunday announced that it recognizes mining cryptocurrency as a legal industrial…
The Economic Commission of the government has agreed to set electricity prices for mining cryptocurrencies based on similar tariffs used for electricity exports. Homayoon Ha’eri, the…
Legalizing cryptocurrency mining would help the power sector, head of the board of directors of the Power Generation Companies Syndicate said Monday.
The Energy Ministry has agreed on a tariff for electricity used in cryptocurrency mining, the head of Iran Electrical Industry Syndicate said. “The ministry has proposed the rate of 7 cents for…
Electricity bills for cryptocurrency miners should be calculated in real prices, a deputy energy minister said in Tehran at the weekend. Homayoun Haeri said crypto miners should pay their…
