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.



UK's Starmer Says Europe is Strong and United Behind Ukraine

British Prime Minister Keir Starmer leaves 10 Downing Street in London, Britain, December 10, 2025. REUTERS/Hannah McKay
British Prime Minister Keir Starmer leaves 10 Downing Street in London, Britain, December 10, 2025. REUTERS/Hannah McKay
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UK's Starmer Says Europe is Strong and United Behind Ukraine

British Prime Minister Keir Starmer leaves 10 Downing Street in London, Britain, December 10, 2025. REUTERS/Hannah McKay
British Prime Minister Keir Starmer leaves 10 Downing Street in London, Britain, December 10, 2025. REUTERS/Hannah McKay

British Prime Minister Keir Starmer said on Wednesday that Europe was strong and he would stand up for its values of freedom and democracy after US President Donald Trump said the continent was decaying. In an interview with Politico on Tuesday, Trump called Europe's political leaders weak and denounced Europe for failing to end the war in Ukraine. Trump's comments followed the publication last week of the US national security strategy that warned Europe faced "civilizational erasure" and must change course.

"What I see is a strong Europe, united behind Ukraine and united behind our long-standing values of freedom and democracy, and I will always stand up for those freedoms," Starmer said, responding to a question by a British lawmaker in parliament about the national security strategy, Reuters reported.

Trump, in his interview with Politico, also described London Mayor Sadiq Khan as a "disaster."

Khan, who represents Starmer's centre-left Labour Party, in 2016 became the first Muslim to be elected mayor of London.

The US president has long been critical of Khan, and the two men have clashed repeatedly in recent years.

Starmer's press secretary said on Wednesday that Trump's comments were "wrong" and defended Khan's record.

"The prime minister is hugely proud of the Mayor of London's record, and proud to call him a colleague and a friend."

Khan's office did not immediately respond to a request for comment.

Speaking to Reuters from Brazil ahead of the COP30 environmental summit last month, Khan defended his record.

"London, like New York, is a city that is liberal, multicultural, progressive, and also incredibly successful," he said. "We are the antithesis of everything that Donald Trump is about," he added, as he hailed Zohran Mamdani's victory in the New York City mayoral race.

Mamdani describes himself as a democratic socialist and is the first Muslim mayor of New York.


Ukraine Can Hold Elections within Months if Security Is Ensured, Zelenskyy Says 

Ukrainian President Volodymyr Zelenskyy, looks back at the media in Downing Street, London, Monday, Dec. 8, 2025. (AP)
Ukrainian President Volodymyr Zelenskyy, looks back at the media in Downing Street, London, Monday, Dec. 8, 2025. (AP)
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Ukraine Can Hold Elections within Months if Security Is Ensured, Zelenskyy Says 

Ukrainian President Volodymyr Zelenskyy, looks back at the media in Downing Street, London, Monday, Dec. 8, 2025. (AP)
Ukrainian President Volodymyr Zelenskyy, looks back at the media in Downing Street, London, Monday, Dec. 8, 2025. (AP)

Ukrainian officials were expected to hand their latest peace proposals to United States negotiators Wednesday, according to President Volodymyr Zelenskyy, who also said Ukraine would be ready for elections within three months if partners can guarantee a safe vote during wartime and if its electoral law can be altered.

Zelenskyy was responding to comments by US President Donald Trump in which he questioned Ukraine’s democracy and suggested the Ukrainian leader was using the war as an excuse not to hold an election.

Zelenskyy told reporters late Tuesday that he is “ready” for an election but would need help from the US and possibly Europe to ensure security for a vote to happen. He suggested that Ukraine could be ready to hold balloting in 60 to 90 days if that proviso is met.

“To hold elections, two issues must be addressed: primarily, security — how to conduct them, how to do it under strikes, under missile attacks; and a question regarding our military — how they would vote,” Zelenskyy said.

“And the second issue is the legislative framework required to ensure the legitimacy of elections,” he said.

Previously, Zelenskyy had pointed out that a ballot can’t legally take place while martial law imposed due to Russia’s invasion nearly four years ago is in place. He has also asked how a vote could happen when civilian areas of Ukraine are being bombarded by Russia and almost 20% of the country is under Russian occupation.

Zelenskyy said he has asked lawmakers from his party in Parliament to draw up legislative proposals that would allow elections while Ukraine is under martial law.

Ukrainians have on the whole supported Zelenskyy’s arguments, and there has been no clamor in Ukraine for an election. Under the Ukrainian law that is in force, Zelenskyy’s rule is legitimate.

But with Trump pressing hard for a deal between Kyiv and Moscow, Zelenskyy is walking a tightrope between defending Ukrainian interests and showing the American president that he is willing to make some compromises.

Russian President Vladimir Putin has repeatedly complained that Zelenskyy can’t legitimately negotiate a peace settlement because his five-year term in office that began in 2019 has expired.

“I think it’s an important time to hold an election. They’re using war not to hold an election,” Trump said in an interview with Politico, echoing Moscow’s stance.

US, Russia seek closer ties

A new US national security strategy released last Friday made it clear that Trump wants to improve America’s relationship with Moscow and “reestablish strategic stability with Russia.”

The document also portrays European allies as weak.

Russia’s Foreign Minister Sergei Lavrov on Wednesday praised Trump’s role in the Ukraine peace effort, saying in a speech at the Federation Council, the upper house of Russia’s Parliament, that Moscow appreciates his “commitment to dialogue.”

Trump, Lavrov said, is “the only Western leader” who shows “an understanding of the reasons that made war in Ukraine inevitable.”

While Trump’s decisions are likely to be pivotal for Ukraine, Washington’s peace efforts have run into sharply conflicting demands from Moscow and Kyiv.

Trump’s initial peace proposal was heavily slanted toward Russia’s demands. To counter that, Zelenskyy has turned to his European supporters.

In recent days, Zelenskyy met the leaders of Britain, Germany and France in London, and the heads of NATO and the European Union in Brussels, before traveling on to Rome for talks with the Italian prime minister and Pope Leo XIV.

Zelenskyy said three documents were being discussed with American and European partners — a 20-point framework document that is constantly changing, a document on security guarantees, and a document about Ukraine’s recovery.

Military aid for Ukraine declines

Europe’s support is uneven, however, and that has meant a drop-off in military aid since the Trump administration this year cut off supplies to Kyiv unless they were paid for by other NATO countries.

Foreign military help for Ukraine fell sharply over the summer, and that trend continued through September and October, a German body that tracks international help for Ukraine said Wednesday.

Average annual aid, mostly provided by the US and Europe, was around 41.6 euros billion ($48.4 billion) between 2022–2024. But so far this year Ukraine has received just 32.5 billion euros ($37.8 billion), the Kiel Institute said.

“If this slower pace continues in the remaining months (of the year), 2025 will become the year with the lowest level of new aid allocations” since the war began, it said.

This year, Denmark, Finland, Norway and Sweden have substantially increased their help for Ukraine, while Germany nearly tripled its average monthly allocations and France and the UK both more than doubled their contributions, according to the Kiel Institute.

On the other hand, it said, Spain recorded no new military aid for Kyiv in 2025 while Italy reduced its low contributions by 15% compared with 2022–2024.


Trump Says He Will Make Telephone Call to Stop Renewed Thailand-Cambodia Fighting 

Vehicles carrying people who evacuate, amid deadly clashes between Thailand and Cambodia along a disputed border area, wait in a long line to get into a refugee camp in Chong Kal, Oddar Meanchey Province, Cambodia, December 10, 2025. (Reuters)
Vehicles carrying people who evacuate, amid deadly clashes between Thailand and Cambodia along a disputed border area, wait in a long line to get into a refugee camp in Chong Kal, Oddar Meanchey Province, Cambodia, December 10, 2025. (Reuters)
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Trump Says He Will Make Telephone Call to Stop Renewed Thailand-Cambodia Fighting 

Vehicles carrying people who evacuate, amid deadly clashes between Thailand and Cambodia along a disputed border area, wait in a long line to get into a refugee camp in Chong Kal, Oddar Meanchey Province, Cambodia, December 10, 2025. (Reuters)
Vehicles carrying people who evacuate, amid deadly clashes between Thailand and Cambodia along a disputed border area, wait in a long line to get into a refugee camp in Chong Kal, Oddar Meanchey Province, Cambodia, December 10, 2025. (Reuters)

Thailand and Cambodia accused each other of targeting civilians in border attacks on Wednesday, as US President Donald Trump said he would make a telephone call to stop the fighting and salvage a ceasefire he brokered in July.

The Southeast Asian neighbors have blamed each other for the clashes that started on Monday, and remain at odds over a diplomatic solution to months of simmering tension.

Asked about the prospect of further intervention by Trump, a Thai government spokesperson said there had been no talks with him so far, while Bangkok's position was that negotiations should not be initiated by a third party.

"It should not start with a mediator, but it must start with Cambodia changing its stance, stopping threatening Thailand and formally requesting negotiations with Thailand," Siripong Angkasakulkiat told Reuters.

Cambodian government spokesperson Pen Bona said Phnom Penh's position remained the same, that it wanted only peace, and had only acted in self-defense.

The responses followed Trump's offer to halt the renewed Southeast Asian hostilities, made at a rally in Pennsylvania after enumerating the wars he claimed to have helped stop, such as those between Pakistan and India, and Israel and Iran.

"I hate to say this one, named Cambodia-Thailand, and it started up today, and tomorrow I am going to have to make a phone call," he added.

"Who else could say, 'I'm going to make a phone call and stop a war of two very powerful countries, Thailand and Cambodia?'"

In an interview on Tuesday, Thailand's foreign minister had said he saw no potential for negotiations, adding that the situation was not conducive to third-party mediation.

A top adviser to Cambodia's Prime Minister Hun Manet told Reuters that day his country was "ready to talk at any time".

CLAIMS CIVILIAN AREAS HIT

On Wednesday, Cambodia withdrew its athletes from the Southeast Asian Games in Thailand, citing safety reasons and their families' concern.

Thailand's military said BM-21 rockets fired by Cambodian forces landed near the Phanom Dong Rak Hospital in Surin district on Wednesday, forcing the evacuation of patients and staff to a shelter.

Drones and BM-21 rockets and tanks were used at other border points, including the vicinity of the contested Preah Vihear temple complex, it added.

"Our forces destroyed an anti-drone position to the south of Chong Chom in order to support operations to clear Cambodian elements in a mango plantation ... across the line of operations," the military said in an update, referring to a Thai border town.

Cambodia's military said Thailand used artillery fire and armed drones in attacks in Pursat province, fired mortars into homes in Battambang province, while its F-16 fighter jets entered Cambodian airspace to drop bombs near civilian areas.

LAND MINE ALLEGATIONS RAISED TENSION

Trump has previously spoken to leaders of both countries and been central to the fragile truce between them since five days of fighting in July, which killed at least 48 people and was their heaviest conflict in recent history.

In July, Trump used the leverage of trade negotiations to broker a ceasefire. Thai Foreign Minister Sihasak Phuangketkeow told Reuters on Tuesday he did not think tariff threats should be used to pressure his country into talks.

Last month, Thailand suspended de-escalation measures agreed at an October summit in Trump's presence, after a Thai soldier was maimed by a landmine that Bangkok said was newly laid by Cambodia, which rejects the accusation.

Both countries have said they have evacuated hundreds of thousands from border areas, though some people have stayed behind, hoping to avoid the fighting.

"I have to stay behind," said Wuttikrai Chimngarm, as he hunkered down behind a makeshift bunker of tires stacked six high while shelling shook Thailand's border province of Buriram.

"I'm the head of the village, if not me, then who? Who will be safeguarding the houses and belongings of the villagers from looters?"

As soon as Monday's fighting erupted, wary residents fled the disputed village of Kaun Kriel, about 25 km (15 miles) northwest of Cambodia's city of Samraong.

"This is my second run because the place I live ... was under attack both times," said Cambodian Marng Sarun, a 31-year-old harvester who left with his wife and two children.