The Central Bank of Iran (CBI) is reportedly planning to launch a central bank digital currency (CBDC) pilot soon.According to a report by the Iranian Labour News Agency, the CBI vice governor said that CBDCs could help the country resolv financial inconsistencies. The development of a sovereign digital currency in Iran began in 2018 at the Informatics Services Corporation — … [Read more...] about Iran to reportedly pilot central bank digital currency soon
Iran
Iran Banning Crypto Mining Until March 6 to Save Power: Report
Iran is banning authorized crypto mining in the country until March 6 in an attempt to save power and avoid blackouts this winter, according to a Bloomberg report.The move will free up 209 megawatts of power for use by the country’s households, according to the director of state-run Iran Grid Management Co. Mostafa Rajabi Mashhadi, who was interviewed by state TV.The … [Read more...] about Iran Banning Crypto Mining Until March 6 to Save Power: Report
Another Ethereum Education Initiative Canceled Over Iran Sanctions Fears
“At the time, no one expected that his trip to North Korea, just to give a lecture, was going to result in one of the most serious cases the industry has seen. It was a massive tragedy both for him personally and for Web 3 and, to Kyle’s point, we have a responsibility to ensure that donors or others who have generously supported us in the past (including the Ethereum … [Read more...] about Another Ethereum Education Initiative Canceled Over Iran Sanctions Fears
Iran Blockchain Association head calls for special council on crypto laws
According to Iran’s main blockchain organization, authorities have been remiss in their enforcement of cryptocurrency laws. The association is concerned about the government’s inactivity, offering its help to regulators that it feels are inadequately prepared to handle such a challenging task. Abbas Ashtiani, head of the Iran Blockchain Association (IBA), said that Iranian … [Read more...] about Iran Blockchain Association head calls for special council on crypto laws
Iran pauses electricity exports due to crypto mining and hot summer
Iran’s challenge with the ever-increasing electricity consumption reached new heights, leading the country to halt electricity exports.Abuzer Salihi, general manager of Iran’s electricity distribution company Tevanir, announced on state television that it has reduced electricity exports to zero “so that there is no problem in electricity supply in the country.” He said that the … [Read more...] about Iran pauses electricity exports due to crypto mining and hot summer