Iran
Iran court orders the release of seized crypto mining equipment
Iranian authorities seized numerous crypto mining equipment over the past two years, citing stress on energy grids during winter. Now, a court ordered the release of crypto-mining equipment that was previously seized as a measure to conserve energy. Since 2021, Iran’s Organization for Collection and Sale of State-Owned Property (OCSSOP) has seized mining equipment — both authorized and unauthorized — due to looming power shortage concerns. However, the authorities had a change of heart amid winter as they ordered the release of the seizure. As explained by Abdolmajid Eshtehadi, the head of Iran’s Ministry of Economic Affairs and Finance: “Currently some 150,000 crypto mining equipment are held by the OCSSOP, a large part of which will be released following judicial rulings. Mach...
How Iranians Influence EDM: Meet Rezz and Other Transformative Artists of Iranian Descent
Stereotypes often box Iranians into the fields of doctor, engineer or realtor, but they sure know how to have a good time. It isn’t unusual for family gatherings—ones that often welcome dozens of guests—to transform from dinner to dance party in the blink of an eye. Guests wield various instruments seemingly pulled from the ether, a circle forms in the center of the room and a party ensues. So it should come as no surprise that vivacious spirit has found its way to electronic dance music. Iranian ingenuity courses through every level of the genre. There are artists approaching the EDM apex, rising DJs blossoming on the festival circuit and enduring veterans, all of whom share Iranian heritage. For months, Iranians have protested the alleged killing of 22-year-old Mahsa Amini at the h...
Proactive sanctions can help spare the ecosystem: Chainalysis exec
As many countries, entities and even individuals face international sanctions, the crypto industry seeks to find its place among increasing regulations. Digital currencies have often been mentioned as an avenue for those subject to sanctions to divert them, such as in the recent case of Russia. In such instances, exchanges and other industry players need to understand where they stand compliance-wise. Research out of Harvard even suggested that central banks can use Bitcoin (BTC) to fight off sanctions. Speaking to Cointelegraph’s managing editor Alex Cohen at the Israel Crypto Conference, Chainalysis head of sanctions Andrew Fierman said sanctions are nuanced depending on the many factors which surround the situation. “When you’re looking at countries like Iran and North...
How To Watch England vs Iran Live Stream: Free World Cup 2022 Soccer Streams
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Artists’ Rights Groups Urge Grammy Consideration for Dissident Iranian Composer
Three Norway-based artists’ rights groups have written Recording Academy CEO Harvey Mason jr. to request that the organization’s members consider the dangerous conditions under which dissident Iranian composer Mehdi Rajabian created his latest album, It Arrives, and the communications lockdown that has prevented him from promoting it in the lead-up to Grammy voting, which begins on Thursday (Oct. 13). Explore Explore See latest videos, charts and news See latest videos, charts and news The letter to Mason, dated Oct. 10, was signed by Sverre Pedersen, the chair of Freemuse, a non-governmental organization that documents abuses of artistic freedom internationally and serves as a consultant to the United Nations; Hans Ole Rian, president of CREO, Norway’s largest union for arts and culture; ...
Googoosh: Daughter of the Revolution
On a Tuesday afternoon, during the lunchtime rush at Los Angeles’ über-trendy Highly Likely Café, the strains of Iranian singer Googoosh’s song “Talagh” come through the speakers. The song, whose title means “divorce,” is sung in Farsi. It slips in between modern-day songs that would be found on NPR’s New Music Friday playlist and the city’s tastemaker station KCRW’s hand-picked selections. Its saucy rhythms and hard-hitting dance beats fit in seamlessly. Googoosh’s singularly rich voice surges over the café’s patrons. “Talagh” doesn’t stand out to this lunch crowd, partially because it blends so well into the playlist. I glance around to see if there’s any reaction to the song, and then I interrupt my lunch companion to bring her attention to its infectious grooves. The reason...
Iranian businesses get the green light to use crypto for imports
Iran’s Industry, Mines and Trade ministry has approved the use of cryptocurrency for imports into the country amid ongoing international trade sanctions. According to local news reports, trade minister Reza Fatemi Amin confirmed that detailed regulations have been approved outlining the use of cryptocurrencies for trade and supplying fuel and electricity to Bitcoin (BTC) and crypto miners in the country. Amin outlined the regulatory change at an automotive industry exhibition on Aug. 28, just a week after the country had placed a first-ever import order for vehicles, to the tune of $10 million, using cryptocurrency as a payment method. The Iranian trade ministry had previously indicated that the use of cryptocurrencies and smart contracts would be widely used in foreign trade by September ...
Iran makes $10M import with crypto, plans ‘widespread’ use by end of Sept
Struggling through decades of economic sanctions, Iran has placed its first international import order using $10 million worth of cryptocurrency, according to a senior government trade official. News that the Islamic republic placed its first import order using crypto was shared by Iran’s Deputy Minister of Industry, Mine & Trade Alireza Peyman-Pak in a Twitter post on Aug. 9. While the official did not disclose any details about the cryptocurrency used or the imported goods involved, Peyman-Pak said that the $10 million order represents the first of many international trades to be settled with crypto, with plans to ramp this up over the next month, noting: “By the end of September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with ta...
Illegal crypto miners in Iran to face stricter penalties
The government has warned illegal miners of heavier penalties to come Illicit mining of crypto affects the power availability for household and industrial use Iran is cracking the whip harder as it contends with the fact that unauthorised mining is setting a strain on the country’s energy supply. The government is set to impose legislation containing heavier punishment for those caught mining crypto assets illegally. Hitting the dodgy miners hard According to a report published by the Tehran Times on Saturday, the move is meant to avoid blackouts and punish those using subsidised electricity for illegal crypto mining operations. Fines could rise threefold, and jail time increased by up to five times. An official with the country’s Power Generation, Distribution, and Tr...
Iran to stiffen penalties for illegal use of subsidized energy in crypto mining
The Iranian government will increase penalties for the use of subsidized energy in crypto mining. The move marks another step in the tightening of mining regulation in the country that had faced energy shortages in recent years. On April 16, the Tehran Times reported, citing the country’s Power Generation, Distribution, and Transmission company, that the government plans to drastically increase the fines rates for the mining operators who use subsidized electricity. The company’s representative Mohammad Khodadadi Bohlouli specified: “Any use of subsidized electricity, intended for households, industrial, agricultural and commercial subscribers, for mining cryptocurrency is prohibited.” According to Bohlouli, the fines for the use of subsidized energy in mining will rise by...
World Cup 2022 Draw: England Get USA in Group Stages
The World Cup draw has been made, and England fans will feel confident after they avoided any big names. However, there is the real possibility of the English having to take on neighbours Wales or Scotland, depending how the one remaining European qualifying place goes. Elsewhere, there were some juicy draws, none bigger than European giants Spain and Germany being pitted together in the same group. Favourites Brazil and France will be confident, although the Portuguese have been drawn in a potentially tricky group. England avoid big guns The draw really couldn’t have been much kinder to England. Drawn in Group B, they first drew USA from the second batch of teams. Iran were then drawn, setting up a politically tense match with the US. It was the final team drawn in the group that provided...
CEXs refuse blanket asset freeze of all Russian users, though questions linger
Centralized exchanges (CEX) and CEOs from companies such as Binance, Coinbase and Kraken have all stated they would only freeze the assets of Russian clients specifically targeted by Western sanctions — not that of everyday Russian users. A few days prior, Mykhailo Fedorov, Ukraine’s minister of digital transformation, had called for “all major crypto exchanges to block [wallet] addresses of Russians” and “also to sabotage ordinary users [by freezing their assets].” In explaining why he was not preemptively banning all Russians (though, Coinbase is not available in Russia), Brian Armstrong, CEO of Coinbase, specifically wrote: “We believe everyone deserves access to basic financial services unless the law says otherwise. Some ordinary Russians are using crypto as a lifeline...
