fbpx

Iran

Home » Iran

Turkey’s Unexpected Rise to the Top of Global Crypto Adopters

When thinking of countries that are ahead of the curve in crypto adoption, Turkey might not be the first place that springs to mind. However, Statistica’s Global Consumer Survey for 2019 shows that a fifth Turkish residents are acquainted with crypto and have been exposed to it in some form or another. If the figures are true, 20% is the highest proportion of all the countries in the world.  Flying under the radar, Turkey has …

Turkey’s Unexpected Rise to the Top of Global Crypto Adopters Read More »

Iranian Bitcoiners Risk Fines, Jail Time as Government Regulates Mining

The Iranian government has been cracking down on cryptocurrency mining operations over the past three months, pending new legislation for formal mining licenses. Since authorities have not officially approved a mining license process, several sources told CoinDesk that bitcoin miners are now operating in a climate of perpetual fear. In rare cases, they can be jailed for continuing to operate. More often, they face exorbitant fines or have their equipment sealed off. “If the government …

Iranian Bitcoiners Risk Fines, Jail Time as Government Regulates Mining Read More »

Iranian Crypto Miners Tax Exempt If They Repatriate Offshore Earnings

Cryptocurrency miners in Iran will be eligible for a tax exemption if they agree to repatriate their overseas earnings, according to Iran’s National Tax Administration (INTA). Per a report by local English-lanuage news daily Financial Tribune, INTA introduced a repatriation tax exemption similar to the one it offers non-oil exporters. INTA considers cryptocurrency mining a taxable business, like any other industrial activity, and as such, believes it should follow the requirements set by the Central …

Iranian Crypto Miners Tax Exempt If They Repatriate Offshore Earnings Read More »

Scroll to Top