Edward Snowden tweeted a warning to Amazon’s AWS division this morning regarding a recent decision to ban all of Iran from the platform. Amazon kicks Iran off AWS, Snowden responds An American company, Amazon is forbidden from doing most types of business with the hermit kingdom of Iran. The US government has taken this ban so seriously that they have even added certain known Iranian Bitcoin...
Cryptocurrency mining in Iran is now legal, Mehr News Agency reports. This follows a Sunday decision by the country’s cabinet to authorize the mining of cryptocurrencies. Now classified as an industrial activity, cryptocurrency miners will be required to acquire licenses from Iran’s Ministry of Industry, Mines and Trade. The green light from Iran’s cabinet comes about a week since a government...
Iran is legalizing crypto-mining, giving a boost to this activity which was already booming despite the unfavorable position of the authorities. According to the Iran Chamber of Commerce, Industries, Mines and Agriculture, the government decided to give the green light to this activity, promoting a series of legal reforms that put an end to a period of uncertainty, misunderstandings, persecutions...
The government of Iran has opted to introduce specific electricity prices for cryptocurrency mining. The west Asian country, which has had a complicated relationship with cryptocurrency in the past, plans to set prices around the same tariffs that are used for exporting electricity. The government's energy ministry deputy for power and electricity, Homayoon Ha’eri, announced the decision Sunday...
Days after President Trump slammed bitcoin and the very idea of crypto, geopolitical foe Iran revealed that it is ready to unveil its own gold-backed cryptocurrency. Gold held in reserve by the Middle East country's central bank will back the value of tokens on the blockchain of Iran's new central bank "cryptocurrency" - which might be a generous term. The crypto will be mined by a small...
It's no secret that foes of the United States – including Venezuela, Iran, Russia, and China – are experimenting with cryptocurrency technology as they seek to render their economies immune to crippling US sanctions. However, a new study from the Foundation for Defense of Democracies (FDD) exposes the lengths to which these rogue nations are willing to go to make this a reality. "For decades, U.S...
Mounting cryptocurrency regulations have some Chinese bitcoin miners fleeing the world's second-largest economy. Their surprise destination? Iran. According to the Managing Director of the Iran Blockchain Association, Mohammed Sharqi, talks have already started between interested parties. Confirming this in a statement to PressTV, Sharqi said: "The Chinese have made requests through official...
The crypto community in Iran is still riding a roller coaster as the country seeks to bring its economy forward. Even though the country has expressed its interest in digital assets, enthusiasts cannot be very optimistic yet. According to recent statements by Nasser Hakimi, who serves as the deputy governor for new technologies at the Central Bank of Iran, crypto trading is illegal and banned by...