Author: Fintech Crypto News

Iran Finalizes Electricity Pricing Scheme for Crypto Miners

Reportedly, the Iranian Economic Commission has finalized a tariff scheme in regard to cryptocurrency miners. This was reported by the Iranian economic daily Financial Tribune on July 21. According to the report, Homayoon Ha’eri, the Energy Minister announced that the tariff scheme for cryptocurrency miners has been finalized. However, it is awaiting approval from the Cabinet of Iran. this cabinet is a governmental body which consists of a number of ministers and other officials. These members are specially chosen by the president of Iran.  Although, Ha’eri has denied elaborating on any exact price but, he mentioned that the price...

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Iran Declares Gold Backed National Cryptocurrency

An Iranian news agency named, Trehan News reported that Iran plans to introduce a gold-backed cryptocurrency. This news was released a week after the President of the U.S.A, Donald Trump criticized virtual currencies on a social media platform, Twitter. Trehan News reported the development on its Engish website.  In accordance with this, The Central Bank of Iran (CBI) has mandated the issuance of new cryptocurrencies. This information is according to Shanab Javanmardi, the CEO of Iranian Information Communication Technology (ICT) FANAP. Shahab gave the description to this as follows:  “IRAN’S CRYPTOCURRENCY WILL BE SUPPORTED BY GOLD, BUT ITS FUNCTION...

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The Indian Government Finally Breaks Silence on Crypto Regulations

As per the sources (news.bitcoin.com), the Government of India has finally spoken about the regulatory framework for the cryptocurrency. The Government has finally provided answers to questions that were put forward in the upper house of the Parliament. The Indian Government has also authenticated the news that the report with recommendation of cryptocurrency regulations has been submitted already. This report was submitted by the interministerial committee which was tasked with the drafting of the regulations.    The Question and Answer Session Held on Cryptocurrency in Both Houses of the Parliament During a sitting held of 16th July in the...

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SEC Has Started Giving Green-Light to Token Offerings

The Security and Exchange Commission has lately made history by giving green light to two token offerings falling under Regulation A+. One of the two qualified issuers said that this is the first time in the history of the U.S.A that a cryptocurrency token offering has secured an SEC qualification.  In the first week of July, the U.S. Securities and Exchange Commission (SEC) began qualifying token offerings under the Regulation A+ also known as Reg A+. On July 10th, the Blockstack PBC announced that their application was approved for the Stacks Tokens. The day after, Props Project also declared...

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Cryptocurrency Companies Offers Deals to Amazon Prime Day Shoppers

During Prime Day, Amazon offers deep discounts meanwhile, a few cryptocurrency companies are also giving rewards to their users. During the two day eCommerce extravaganza, a number of cryptocurrency firms are offering added benefits to their users.  A payment platform, Fold which has recently introduced lightning network protocol. The platform is offering a $5 Amazon gift card to the customers who spend more than $50 on their platform.  Fold has designed a solution that enables it to associate with other online and in-store sales systems which allow its users to carry out transactions with major retailers. These retailers include...

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