Cryptocurrencies in Iran

The parliament expects the government to submit a bill on cryptocurrency trade as soon as possible, the speaker Mohammad Baqer Qalibaf said on Sunday.

To alleviate pressure on the national power grid and prevent blackouts President Hassan Rouhani on Wednesday ordered a ban on all cryptomining until the end of summer.

Media outlets on Monday published a letter signed by Mahmoud Vaezi, President Hassan Rouhani’s the chief of staff, in which the Central Bank of Iran has been asked to stop blocking…

In a bid to alleviate the power shortages that have led to rolling blackouts the Iran Power Generation, Distribution and Transmission Company (Tavanir) has told cryptomining units to suspend…

A study conducted by the High Council of Cyberspace shows total bitcoin trade in Tehran alone amounts to approximately  30-40 trillion rials ($130-174 million), the council's secretary,…

The Central Bank of Iran said Tuesday it is no hurry to announce new procedures for cryptocurrency exchanges. "Contrary to recent claims, the central bank is focused on a roadmap for managing…

The Iran Fintech Association, an independent body of fintech startups, has responded to attempts by parliament and financial authorities to impose restrictions on cryptocurrency exchanges. In a…

Legal cryptomining accounts for 13% of the total electricity used by this sector in Iran, the spokesman for the Iran Power Generation, Distribution and Transmission Company (Tavanir) said,…

The growing interest in investments in cryptocurrencies among Iranians has raised Majlis concerns with the speaker on Thursday calling on financial authorities to exercise caution in dealing…

Experts and private sector representatives say the parliament needs to expand the scope of cryptocurrency regulations to cover crypto trade and restrain the bureaucracy tied to obtaining…

The Central Bank of Iran on Thursday warned against rampant trade in cryptocurrencies following the deep recession in parallel asset markets. In a notice published on its website, it strongly…

Iran Blockchain Association has strongly condemned recent moves to block websites, applications and other online platforms active in cryptocurrency trade "This is not the solution. Experience…

The Central Bank of Iran said henceforth banks and licensed moneychangers can use cryptocurrency mined by authorized miners in Iran to pay for imports.  It said lenders and moneychangers…

Majlis is trying to develop legal framework to allow trade in cryptocurrency, head of the economic commission said.  Mohammadreza Pourebrahimi said the commission has done a comprehensive…

The Energy Ministry's recent move to raise electricity prices for cryptomining has drawn the indignation of miners who claim the measure will tempt illegal mining and capital flight. 

The Energy Ministry Wednesday published new regulations guiding cryptomining work. Miners will be charged 16,574 rials for one kilowatt-hour of electricity, the ministry website reported.…

The Energy Ministry is planning to promote renewable energy for mining cryptocurrencies.

Twelve cryptomining farms are operating in Iran's free trade and special economic zones, says an official with the High Council of Free Zones and Special Economic Zones.  "Miners are…

The Iranian Fintech Association, a non-government body formed by fintech startups, has responded to measures announced by the Central Bank of Iran to block payment gateways of cryptocurrency…

Authorized cryptocurrency miners in Iran have been allowed to resume operations after fuel supply to electricity power plants returned to normal, a spokesperson for Distribution and Transmission…

Private companies have called on the government to take efficient measures for the use of cryptocurrency and its mining in way that compatible with the national interest. 

With estimated cryptomining capacity at $1.4 billion, Iran is among the top in the world, a senior Industries Ministry official said. 

Iran Power Generation, Distribution and Transmission Company (Tavanir) has ordered licensed cryptocurrency mining farms to halt operations for two weeks to lessen power shortages across the…

President Hassan Rouhani has instructed the security apparatus to find and end illegal cryptocurrency mining following rare power outages across the country. 

As bitcoin and other cryptocurrency prices jump, officials in Tehran have come up with new measures to prevent illegal use of subsidized electricity.  According to Mostafa Rajabi Mashhadi…