Crypto Mining with Industrial Electricity Is Illegal: Iranian Speaker

It is illegal in Iran to use the subsidized electricity available to the industrial businesses for running cryptocurrency mining machines, Parliament Speaker Ali Larijani announced.

‘Iran Working on Forex Plans Independent of INSTEX’

The governor of the Central Bank of Iran (CBI) says the country has plans to work independently from the European Instrument in Support of Trade Exchanges (INSTEX), which has so far failed to help Iran reap the benefits of the Iran nuclear deal in the face of the US bans.

Cryptocurrency Miners in Iran Warned of Power Cut

An Iranian energy official has warned the people producing Bitcoins and other digital currencies in the country that they are going to be detected and face a power cut.
FATF

Iran Says FATF Ratification Depends on Trump’s Behaviour

Ahmad Tavakoli, a member of Iran’s Expediency Council, says the country’s ratification of the bills required for taking Iran out of the FATF blacklist depends on the US president’s behaviours, and thus the Council has postponed reviewing the bills until a ripe time.
FATF

FATF Extends Iran’s Deadline until October

The Financial Action Task Force (FATF) said Iran had until October to meet international standards against money-laundering and terror financing.

Chinese Bank ‘Kunlun’ Starts Work in Iran

Vice Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Pedram Soltani on Thursday revealed the start of activity of China’s Bank of Kunlun in the Islamic Republic of Iran.
Iran Exempts Travel Agencies from VAT to Promote Tourism

Iran Exempts Travel Agencies from VAT to Promote Tourism

Travel agencies taking tours to Iran have been exempted from paying Value-Added Tax (VAT) upon the order of First Vice President Es’haq Jahangiri in a bid to increase the number of foreign tourists visiting the country.

Is Iran Planning to Recognize Bitcoin?

The unveiling of a new system during the recent International Exchange, Bank and Insurance Fair (IRAN FINEX) in Tehran has aroused speculations that Iran might be planning to legalize Bitcoin as a legal currency in a bid to survive the new round of US bans.

Brazil Says Ready to Help Iran in Face of US Sanctions

The Brazilian ambassador to Iran says the US’ anti-Iran sanctions are cowardly and, if necessary, Tehran can count on Brazil in this regard.

Iran’s SATMA, EU’s INSTEX to Do First Transaction Soon

Iran’s special financial channel for trade with European countries under the US sanctions known as SATMA, and its European counterpart INSTEX are ready to do their first transaction in coordination with banks of the two sides.

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