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Authorities Uncover Illegal Bitcoin Mining Farm In Kyrgyzstan
Iran

Authorities Uncover Illegal Bitcoin Mining Farm In Kyrgyzstan

Federal authorities have uncovered a large illegal Bitcoin mining site in Kyrgyzstan in the territory of the Bishkek Free Economic Zone.

Iran to Pump Liquidity in Economy by Permitting Power Plants to Mine Bitcoin
Iran

Iran to Pump Liquidity in Economy by Permitting Power Plants to Mine Bitcoin

Iran has given power plants the green-light to undertake Bitcoin mining on a large scale as this will spur economic growth from the revenue generated. Nevertheless, interested parties must adhere to various regulations like not using subsidized fuel to extract Bitcoin and other cryptocurrencies.

Why Energy Experts are Watching the Crypto Market Closely
Iran

Why Energy Experts are Watching the Crypto Market Closely

Words like Bitcoin and Oil Market seem to have no correlation between them. However, given the kind of small world we are living in, there's more than meets the eye. Check out this article which explains the perfect correlation between Bitcoin and Oil Market and why energy experts are keeping a close watch on the crypto market.

Iranian General Pushes for Crypto Use to Evade US Sanctions and After Being Blacklisted by the FATF
Iran

Iranian General Pushes for Crypto Use to Evade US Sanctions and After Being Blacklisted by the FATF

Saeed Muhammad, a commander of the Islamic Revolutionary Guard Corps’ “Army of Guardians of the Islamic Revolution,” called for Iran to use cryptocurrencies to bypass sanctions imposed on his country by the United States.

Is Bitcoin a Safe Haven Asset? US-Iranian Tensions Ignite Old Debate
Iran

Is Bitcoin a Safe Haven Asset? US-Iranian Tensions Ignite Old Debate

Bitcoin’s price has improved significantly following the U.S. killing of top Iranian general Qassem Soleimani. As tensions escalate between the US and Iran, several crypto analysts have reconsidered the old debate on Bitcoin’s ability to function as a safe-haven asset similar to gold in times of geopolitical uncertainty.

Iranian President Advocates for Cryptocurrency-Driven Muslim Nations
Iran

Iranian President Advocates for Cryptocurrency-Driven Muslim Nations

During the first round-table discussion at the Kuala Lumpur Summit 2019, Hassan Rouhani, Iran’s President, suggested that cryptocurrency ought to be integrated into Muslim nations to enhance trade between the nations.

Iran Government Offers Up To 20% Reward To Anyone Who Exposes Illicit Cryptocurrency Mining In The Country
Iran

Iran Government Offers Up To 20% Reward To Anyone Who Exposes Illicit Cryptocurrency Mining In The Country

Iran just offered a reward to anyone who exposes illicit cryptocurrency mining in the country.

Belt and Road Summit 2019—Iranian Investment, Malaysian FinTech and the Kazakh Belt Buckle
Iran

Belt and Road Summit 2019—Iranian Investment, Malaysian FinTech and the Kazakh Belt Buckle

Rounding off our exclusive interviews for the 2019 Belt and Road Summit, jointly organized by the HKTDC and the HKSAR Government, we share insights from delegates from Iran, Malaysia, and Kazakhstan

117 Smuggled Crypto Mining Machines Seized by Iranian Police
Iran

117 Smuggled Crypto Mining Machines Seized by Iranian Police

The Iranian provincial police had apprehended an individual who was said to be smuggling in cryptocurrency mining machines. This was reported by the local news agency Fars News, on July 31.

Heaven for Bitcoin Miners? Iran Officially Legalizes Crypto Mining
Iran

Heaven for Bitcoin Miners? Iran Officially Legalizes Crypto Mining

The Iran Chamber of Commerce, Industries, Mines and Agriculture recently published a statement that the Iranian Economic Commission has approved a mechanism for digital coin mining.