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Iran: New Crypto Law Requires Selling Bitcoin Directly to Central Bank to Fund Imports

Gold-plated souvenir Bitcoins. (AFP)
Gold-plated souvenir Bitcoins. (AFP)
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Iran: New Crypto Law Requires Selling Bitcoin Directly to Central Bank to Fund Imports

Gold-plated souvenir Bitcoins. (AFP)
Gold-plated souvenir Bitcoins. (AFP)

Iran has resorted to a new crypto currency regulation that required licensing bitcoin miners to sell their coins directly to the Central Bank for use to fund imports.

Reports published by bitcoins.com said the Iranian government has amended its crypto currency regulation to enable the country’s central bank to fund imports with bitcoin legally mined in the country.

Also, the IRNA news agency reported that the government has introduced those regulations in order to allow crypto miners to redirect their coins to the country’s finance mechanism for international trades.

“The Ministry of Energy is tasked with defining a ceiling for output of authorized crypto units subject to the energy consumed by each unit. Miners’ output should not exceed the ceiling,” the news agency wrote, adding that the central bank will soon announce details of the new law.

Meanwhile, the Mehr news agency quoted Mostafa Rajabi Mashhadi, deputy head of Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) and the spokesperson for the power industry, as saying: “These crypto currencies can be exchanged according to the regulations set by the central bank.”

Presstv, an Iranian state-owned news network, said that miners are supposed to supply the original crypto currency directly and within the authorized limit to the channels introduced by the central bank.

“The legal cap for the amount of crypto currency for each miner would be determined by the level of the subsidized energy used for mining and based on instructions published by the Ministry of the Energy,” it said.

Crypto currency analyst Alireza Shamkhi told ISNA news agency that the new law is vague and ambiguous.

He said it does not state how the central bank will price crypto currencies or the exchange rate between dollars and rials.

Previously, miners could exchange their crypto currencies for dollars, rials or other currencies at market prices.

“The requirement for miners to report their output to the central bank is not seen in other industries, concluding that the new law will likely reduce the industry’s attractiveness and significantly lower miners’ profit margin,” said Shamkhi.

Iran has issued over 1,000 licenses to crypto miners, including one to the Turkish bitcoin mining giant Iminer.

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World

France Working with Allies on Plan Should US Move on Greenland

Sermitsiaq mountain (Saddle mountain), a 1,210-meter tall landmark is seen behind Nuuk, Greenland, on March 10, 2025. (AFP)
Sermitsiaq mountain (Saddle mountain), a 1,210-meter tall landmark is seen behind Nuuk, Greenland, on March 10, 2025. (AFP)
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France Working with Allies on Plan Should US Move on Greenland

Sermitsiaq mountain (Saddle mountain), a 1,210-meter tall landmark is seen behind Nuuk, Greenland, on March 10, 2025. (AFP)
Sermitsiaq mountain (Saddle mountain), a 1,210-meter tall landmark is seen behind Nuuk, Greenland, on March 10, 2025. (AFP)

France is working with partners on a plan over how to respond should the United States act on its threat to take over Greenland, a minister said on Wednesday, as Europe sought ​to address US President Donald Trump's ambitions in the region.

A US military seizure of Greenland from a longtime ally, Denmark, would send shockwaves through the NATO alliance and deepen the divide between Trump and European leaders.

Foreign Minister Jean-Noel Barrot said the subject would be raised at a meeting with the foreign ministers of Germany and Poland later in the day.

"We want to take action, but ‌we want to ‌do so together with our European partners," ‌he ⁠said ​on France ‌Inter radio.

Leaders from major European powers and Canada have rallied behind Greenland this week, saying the Arctic island belongs to its people, following a renewed threat by Trump to take over the territory.

TRUMP RENEWS GREENLAND AMBITIONS

Trump has in recent days repeated that he wants to gain control of Greenland, an idea first voiced in 2019 during his first presidency. He ⁠has argued it is key for the US military and that Denmark has not ‌done enough to protect it.

The White House ‍said on Tuesday that Trump ‍was discussing options for acquiring Greenland, including potential use of the US ‍military, in a revival of his ambition to control the strategic island, despite European objections.

Barrot suggested a US military operation had been ruled out by a top US official.

"I myself was on the phone yesterday with US ​Secretary of State Marco Rubio (...) who confirmed that this was not the approach taken ... he ruled out the possibility of ⁠an invasion (of Greenland)," he said.

A US military operation over the weekend that seized the leader of Venezuela had already rekindled concerns that Greenland might face a similar scenario. It has repeatedly said it does not want to be part of the United States.

The world's largest island but with a population of just 57,000 people, Greenland is not an independent member of NATO but is covered by Denmark's membership of the Western alliance.

The island is strategically located between Europe and North America, making it a critical site for the US ballistic missile defense system ‌for decades. Its mineral wealth also aligns with Washington's ambition to reduce reliance on China.

World

Iran Executes Man Accused of Spying for Israel

An anti-US and anti-Israeli billboard is displayed on a building in Tehran, Iran, January 4, 2026. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
An anti-US and anti-Israeli billboard is displayed on a building in Tehran, Iran, January 4, 2026. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
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Iran Executes Man Accused of Spying for Israel

An anti-US and anti-Israeli billboard is displayed on a building in Tehran, Iran, January 4, 2026. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
An anti-US and anti-Israeli billboard is displayed on a building in Tehran, Iran, January 4, 2026. Majid Asgaripour/WANA (West Asia News Agency) via Reuters

​Iran executed a man accused of spying for Israel, the Iranian judiciary's media outlet Mizan reported on Wednesday, naming the defendant as ‌Ali Ardestani.

Entangled ‌in a ‌decades-long ⁠shadow ​war ‌with Israel, Iran has executed many people it has accused of having links with Israel's intelligence service and facilitating its operations ⁠in the country.

"The death sentence ‌of Ali Ardestani ‍for the ‍crime of espionage in favor ‍of the Mossad intelligence service by providing the country's sensitive information was carried ​out after approval by the Supreme Court and ⁠through legal procedures," Mizan said.

Executions of Iranians convicted of spying for Israel have significantly increased this year, following a direct confrontation between the two regional enemies in June, when Israeli and US forces ‌struck Iran's nuclear facilities.

World

China Bans Two Taiwan Ministers for Alleged ‘Independence Activities’, Angering Taipei

A man walks past a screen broadcasting news about military drills conducted by China around Taiwan, in Beijing, China, 30 December 2025. (EPA)
A man walks past a screen broadcasting news about military drills conducted by China around Taiwan, in Beijing, China, 30 December 2025. (EPA)
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China Bans Two Taiwan Ministers for Alleged ‘Independence Activities’, Angering Taipei

A man walks past a screen broadcasting news about military drills conducted by China around Taiwan, in Beijing, China, 30 December 2025. (EPA)
A man walks past a screen broadcasting news about military drills conducted by China around Taiwan, in Beijing, China, 30 December 2025. (EPA)

Beijing banned two Taiwanese ministers from entering ​China for alleged separatist activities related to "Taiwan independence" on Wednesday, prompting an angry response from Taipei, which said it would not bow to "threats and intimidation."

The office described Taiwanese Interior Minister Liu Shyh-fang and Education Minister Cheng Ying-yao as "die-hard Taiwan independence secessionists" and banned them as well as their relatives, from entry. The ban also extends to Hong Kong and Macau.

Beijing claims democratically governed Taiwan as its own territory and has not ruled out the use of force to take control of the island. Taipei strongly objects ‌to Beijing's sovereignty claims ‌and says only Taiwan's people can decide their ‌future.

Taiwan's ⁠Mainland ​Affairs Council ‌issued a strong protest, saying the move gravely undermined cross-strait relations and would only provoke anger among the public.

It accused Beijing of seeking to create a "chilling effect beyond the named individuals, to coerce Taiwanese people into abandoning their determination to uphold the status quo and their democratic freedoms."

China was also attempting to claim jurisdiction over Taiwan by treating such cases as "domestic criminal offences", the council said in a statement, calling the efforts clumsy and ineffective.

"Threats and ⁠intimidation will never shake the resolve of the Taiwanese people to uphold democracy and freedom," it said. "All serious ‌consequences arising from the Chinese Communist authorities' actions that provoke ‍instability in cross-strait relations must be borne ‍entirely by the Chinese side."

China has now listed 14 people as "secessionists", the ‍office's spokesperson Chen Binhua told reporters at a weekly news briefing, in an announcement that comes a week after the Chinese military carried out its most extensive ever war games around the island. The list already includes Taiwan Vice President Hsiao Bi-khim, head of the island's National Security Council ​Joseph Wu and Defense Minister Wellington Koo.

A third person, Chen Shu-Yi, a prosecutor from Taiwan's High Prosecutors Office, was accused of being an accomplice ⁠in alleged separatist activities and will be held "accountable for life".

The spokesperson called on the public to submit evidence and leads on the prosecutor's activities based on which China would impose "severe punishment", without specifying what those measures would be.

Chen said the purpose of the actions against a small number of "Taiwan independence die-hards" was to "fundamentally safeguard national sovereignty and territorial integrity", and that the moves were not aimed at Taiwanese citizens in general.

Taipei has complained about Beijing’s “long-arm jurisdiction” to pressure the Taiwanese people and said Chinese laws do not apply in Taiwan, which has its own judicial system.

China fired dozens of rockets towards Taiwan and deployed a large number of warships and aircraft near the island last week in massive war games around the ‌island, causing dozens of domestic flights in Taiwan to be cancelled and drawing concern from regional allies and the West.