EghtesadOnline: 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.
EghtesadOnline: 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 Company (Tavanir) said.
EghtesadOnline: The government will offer incentives to whistleblowers who name unauthorized cryptocurrency miners to the relevant authorities, managing director of Power Generation, Distribution and Transmission Company (Tavanir) said.
EghtesadOnline: 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.
EghtesadOnline: President Hassan Rouhani on Thursday proposed setting up a transport insurance mechanism for Muslim nations.
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.