Iran


Markets

Iran Central Bank to Allow Money Changers, Banks to Pay for Imports Using Mined Crypto

The bank had previously stipulated only digital assets for import funding could be used by itself and no one else.

View of the Azadi Tower. Tehran, Iran.

Policy

Iran Should Mine Crypto to Skirt Sanctions, Says President-Linked Think Tank

Crypto income could benefit the economy and help bring foreign funds into the country, the think tank says.

Tehran, Iran

Tech

ConsenSys Grants Help Iranian Women Learn Solidity

The Ethereum incubator's instructional program offers scholarships to help developers get started with coding in Solidity.

iran, regulation

Markets

Inside Iran's Onslaught on Bitcoin Mining

Iran has been clamping down on mining farms, but it also wants to use crypto mining to boost the sanctioned nation's revenue stream.

TEHRAN * IRAN
The flags flying next to the Azadi Tower

Policy

Iran Reportedly Seizes 45K Bitcoin Mining Machines After Closure of Illegal Operations

The devices are said to have been consuming 95 megawatts per hour of electricity at a reduced rate.

Tehran, Iran

Markets

Iranian Authorities Close 1,620 Illegal Cryptocurrency Mining Farms: Report

The illegal mining operations will be disconnected from the national power grid and the miners will face prosecution.

Tehran, Iran

Finance

Venezuela's Bitcoin Story Puts It in a Category of One

Venezuela’s peer-to-peer bitcoin activity has been extraordinary, whether measured as an absolute or relative to GDP, according to CoinDesk Research data.

Exposure to the government-backed petro has made Venezuelans more comfortable with other types of cryptocurrencies.

Markets

The World Is Never Getting Off Government Stimulus

The Breakdown weekly recap looks at bitcoin buying by Iran, JPM Coin and the latest round of lockdowns coming to Europe.

Breakdown 10.31

Policy

Iran Amends Law to Allow Imports to Be Funded With Cryptocurrency

Strapped for international currencies, Iran is turning to cryptocurrency to allow imports to continue flowing.

Tehran, Iran

Markets

Three Iranian Power Plants Plan to Sell Electricity to Crypto Miners

Three Iranian power plants with enough output to supply half of New York City will begin selling some surplus power to crypto miners.

The Shahid Salimi Power Plant outside of Neka, Iran