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The dominance of the U.S. dollar as the global reserve currency is being robustly challenged on all fronts. Other geopolitical powers and smaller but important players are unwilling to accept the political influence Washington exerts through its fiat money. And in times of trade wars, sanctions, and even tensions between allies, the push to dethrone … Read more
New, unprecedented economic sanctions have been imposed on Iran’s central bank after blame for a September 14 oil field attack was pinned on the nation by U.S. leaders. The sanctions blacklist the Iranian central bank and sovereign wealth fund, further severing the country’s already tenuous ties to the global market. With soldiers and weapons “of … Read more
The current status of cryptocurrency in Iran raises a lot of questions. While not officially banned, there are a fair few restrictions which apply in the country. It now seems cryptocurrency miners will need to adhere to new rules in the near future. Although not an official law just yet, there will be some interesting … Read more
Iran is considering a new system of annual registation for crypto miners in ongoing efforts to legitimize the industry Go to Source Powered by WPeMatico
Iran’s National Tax Administration states that cryptocurrency miners will be eligible for a repatriation tax exemption, similar to non-oil exports Go to Source Powered by WPeMatico
A 12-year-old, future unschooling advocate at an Occupy Wall Street protest learns about Bitcoin while running from the cops. He invests. Later, the independent Erik Finman will become the supposed “world’s youngest bitcoin millionaire” at age 18. That’s not where the story ends, though. The high school dropout has since gone on to launch education … Read more
Crypto developers in Iran have created a platform for humanitarian donations via digital currencies in light of political interference Go to Source Powered by WPeMatico
Stories continue to emerge about newly discovered illegal mining operations being busted by state and corporate authorities. Just last week Iranian media reported the seizure of 177 Bitcoin mining units worth over $270,000 being smuggled via truck in the Arak region. On July 31, Russia’s Kraskom power company reported illegal siphoning of power from municipal … Read more
Dozens of countries all over the world have used the same trick called redenomination to hide how they have stolen their own citizens’ money through inflation or hyperinflation. The next nation to try this economic sleight of hand is the government of the Islamic Republic of Iran. Also Read: Global Crypto War Is Heating up … Read more
Iran’s government released a new law that does not accept crypto as legal tender or recognize transactions carried out with cryptocurrency Go to Source Powered by WPeMatico
