Iran Archives - FortuneZ

Iran Bans Cryptocurrency Mining during Summer Season

May 26, 2021

Cryptocurrency mining has been banned in Iran until 22 September, ahead of the country’s peak electricity demand season. The country is planning to avoid blackouts in major cities this summer due to an expected...

Another Сrypto Firm Hit With Fines For Violating U.S. Sanctions

February 19, 2021

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 ...

Iran Launches Crackdown on Cryptocurrency Mining

January 7, 2021

Iranian authorities have shut down 1,620 illegal cryptocurrency mining farms that used nearly 250 megawatts of electricity in the last 18 months. The country announced in July that all crypto miners must regi...

Crypto P2P Platform Struggles To Take Off In Middle East

October 23, 2020

Crypto P2P platform struggles to take off in Middle East. Arcana Research has publised information stating that despite demand for peer-to-peer crypto trading platforms in the middle east, regulations and lac...

Iran Grants Bitcoin Miners Exclusive Access To Electricity At Three Power Plants

September 23, 2020

Iran has granted bitcoin miners exclusive access to electricity generated from three power plants for their mining activities, according to state power utility Thermal Power Plant Holding Company . Mohsen Ta...

Chinese Bitcoin Miners Develop Strong Ties And Crypto Mining Facilities In Iran

August 15, 2020

Chinese Bitcoin miners develop strong ties and crypto mining facilities in Iran. Lubian.com, a Chinese mining company , recently told financial columnist Vincent He that the firm runs one of Iran 's largest c...

Iran Crypto Miners Given One Month To Register With The State

July 7, 2020

Iran crypto miners given one month to register with the state. On Monday, Iranian Vice President Eshaq Jahangiri announced that the country’s cryptocurrency miners will soon have to register their rigs with t...

Iranian President Orders For National Crypto Mining Strategy

May 23, 2020

Iranian President Hassan Rouhani has ordered for the government to draw up a renewed national approach for the emerging crypto industry. Rouhani told officials from the Central Bank of Iran (CBI), ener...

Iranians Buying Billions in Cryptocurrency as Trump Revokes Nuclear Deal

May 9, 2018

It has been revealed that Iranians have sent the equivalent of $2.5 billion out of the country to purchase cryptocurrency. The news comes a day after US President Donald Trump’s announcement that the US will ...

Iranian Government Changes Tune on Bitcoin, Will Develop Own Cryptocurrency

February 23, 2018

The Iranian government has completely changed its outlook on the global cryptocurrency space. In recent months, there has been a positive sentiment out of the country, indicating that Bitcoin could be welcome...