Iranian Authorities Plans To Allow Cryptocurrency Mining

Iranian Authorities Plans To Allow Cryptocurrency Mining

Iranian Authorities Plans To Allow Cryptocurrency Mining

The governor of the Central Bank of Iran (CBI) said Iranian authorities are planning to authorize cryptocurrency mining according to a report by news agency PressTV.

Abdol Hemmati, CBI governor reportedly claimed that the Iranian government has approved some parts of an executive law that would authorize mining of cryptocurrencies such as Bitcoin (BTC) in Iran.

According to Hemmati, the planned law will require crypto mining in Iran to abide with the price of electricity for export. The report said that Iran exports power to neighboring countries at prices from 40-100% higher than it provides internally.

Yet to be confirmed reports, has it that Chinese miners have been present in Iran due to the cheap energy prices they enjoy in the country.

Hemmati said that CBI will not authorize any currency whose values are “decided” by the price of the national currency or gold, among others.

This comes after a report that that Iranian authorities planned to cut off power to crypto mining due to abnormal surge of electricity consumption, which was allegedly due to increased rates of crypto mining in the country.

73 Comments

  1. I was wondering if anyone knows what happened to Dimepiece Los Angeles celebrity streetwear brand? I seem to be unable to proceed to the checkout on Dimepiecela site. I have read in Marie Claire that the brand was acquired by a UK hedge fund for $50 m. I’ve just bought the Dimepiece Fire & Desire Makeup Bag from Ebay and absolutely love it xox

  2. I oversee a vape store web directory and we have had a posting from a vape shop in the USA that additionally offers for sale CBD goods. A Month afterwards, PayPal has written to use to say that our account has been limited and have asked us to take away PayPal as a payment solution from our vape store web directory. We do not offer CBD product lines like CBD oil. We merely offer marketing and advertising services to CBD firms. I have visited Holland & Barrett– the UK’s Reputable Health and wellness Retailer and if you take a close peek, you will witness that they offer for sale a pretty wide-ranging range of CBD products, primarily CBD oil and they also happen to take PayPal as a settlement solution. It seems that PayPal is employing contradictory standards to different firms. As a result of this restriction, I can no longer accept PayPal on my CBD-related site. This has constricted my payment possibilities and currently, I am greatly contingent on Cryptocurrency payments and straightforward bank transfers. I have sought advice from a barrister from a Magic Circle law office in The city of london and they said that what PayPal is undertaking is definitely not legal and discriminatory as it ought to be applying a systematic criterion to all companies. I am yet to get in touch with a different attorney from a US law practice in The city of london to see what PayPal’s legal position is in the United States. Meanwhile, I would be very appreciative if anyone here at targetdomain could provide me with alternative payment processors/merchants that deal with CBD firms.

  3. I run a vape store website directory and we have had a listing from a vape shop in the United States that additionally advertises CBD product lines. A Calendar month later on, PayPal has contacted use to claim that our account has been limited and have requested us to take out PayPal as a payment method from our vape store website directory. We do not retail CBD goods like CBD oil. We only offer online marketing services to CBD companies. I have checked out Holland & Barrett– the UK’s Leading Health Retailer and if you take a good look, you will see that they supply a pretty wide-ranging stable of CBD goods, particularly CBD oil and they also happen to take PayPal as a settlement method. It emerges that PayPal is administering double standards to different companies. As a result of this stipulation, I can no longer accept PayPal on my CBD-related internet site. This has restricted my payment options and now, I am seriously contingent on Cryptocurrency payments and direct bank transfers. I have checked with a lawyer from a Magic Circle law firm in The city of london and they explained that what PayPal is undertaking is totally not legal and inequitable as it should be applying an uniform criterion to all firms. I am yet to seek advice from one more legal representative from a US law office in London to see what PayPal’s legal position is in the USA. In the meantime, I would be extremely appreciative if anybody here at targetdomain could provide me with different payment processors/merchants that deal with CBD firms.

Leave a Reply

Your email address will not be published.