Iran completes pre-pilot phase of central bank digital currency
The Central Bank of Iran progresses with CBDC development in anticipation of the Bank of Russia’s governor Elvira Nabiullina’s visit.
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Iran and Russia want to issue new stablecoin backed by gold
The potential stablecoin aims to enable cross-border transactions instead of fiat currencies like U.S. dollar, the Russian ruble or the Iranian rial.
Iran court orders the release of seized crypto mining equipment
Judicial rulings require Iranian authorities to release a part of the 150,000 crypto mining equipment previously seized due to energy concerns.
Iran set to freeze bank accounts of women who refuse to wear a hijab
Iran’s plan to freeze bank accounts reinforces the need for decentralized currencies to exist in tandem with cash and CBDCs.
Iran to begin ‘crypto rial’ CBDC trial despite possible lack of infrastructure: Report
The crypto rial has been in preparation for years; its introduction comes on the heels of the country’s introduction of cryptocurrency for foreign trade.
Iran Impart Association demands regulatory clarity to use crypto in foreign trade
Corporate lobbyists urge the government to create a proper infrastructure and avoid the emergence of business rent.
Iran makes $10M import with crypto, plans 'widespread' use by end of Sept
Prolonged economic sanctions against the Islamic state have forced Iran to start using crypto as a medium of exchange for international trade deals.
Iran to stiffen penalties for illegal use of subsidized energy in crypto mining
The fines will reportedly triple compared to current rates, while repeated violations will lead to jail time.
Iran to reportedly pilot central bank digital currency soon
The Central Bank of Iran hinted at a possible CBDC pilot soon without elaborating on the time frame of the program.
Iran halts authorized crypto mining to save energy for winter
Iran previously put a temporary blanket ban on crypto mining amid historically peak periods for power demand in summer.