EghtesadOnline: 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.
EghtesadOnline: 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 room for miners to make significant contribution to the economy.
EghtesadOnline: Cryptocurrency miners will be eligible for tax exemption if, like non-oil exporters, they repatriate their overseas earnings, Iran's National Tax Administration said.
EghtesadOnline: 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 activity.
EghtesadOnline: The Energy Ministry has agreed on a tariff for electricity used in cryptocurrency mining, the head of Iran Electrical Industry Syndicate said.
EghtesadOnline: Bitcoin leapt across the $9,000 mark on Sunday, boosted by reports that Facebook is soon set to launch its own cryptocurrency.
EghtesadOnline: A group of Iranian cryptocurrency activists and business owners have called on the Central Bank of Iran to refrain from taking hasty measures for regulating blockchain technology and cryptocurrencies.
EghtesadOnline: The Central Bank of Iran unveiled a draft of its cryptocurrency policy late on Monday, calling on experts and stakeholders in the area of virtual currencies to comment and send their views on the policy.
EghtesadOnline: Iranian sources say that some of them are no longer able to access the cryptocurrency swap platform ShapeShift, even when using virtual private networks (VPNs). As such, the sanctions appear to be already impacting Iranians who want to make lawful use of cryptocurrencies.
EghtesadOnline: Key entities in Iran's government are preparing to officially endorse the import of hardware required to mine cryptocurrency in complementary efforts aimed at backing crypto mining to help an economy under heavy pressure.