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.



FBI Says Trump Was Indeed Struck by Bullet during Assassination Attempt

Republican presidential nominee and former US President Donald Trump speaks at Turning Point Action's The Believers Summit 2024 in West Palm Beach, Florida, US, July 26, 2024. (Reuters)
Republican presidential nominee and former US President Donald Trump speaks at Turning Point Action's The Believers Summit 2024 in West Palm Beach, Florida, US, July 26, 2024. (Reuters)
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FBI Says Trump Was Indeed Struck by Bullet during Assassination Attempt

Republican presidential nominee and former US President Donald Trump speaks at Turning Point Action's The Believers Summit 2024 in West Palm Beach, Florida, US, July 26, 2024. (Reuters)
Republican presidential nominee and former US President Donald Trump speaks at Turning Point Action's The Believers Summit 2024 in West Palm Beach, Florida, US, July 26, 2024. (Reuters)

Nearly two weeks after Donald Trump’s near assassination, the FBI confirmed Friday that it was indeed a bullet that struck the former president’s ear, moving to clear up conflicting accounts about what caused the former president’s injuries after a gunman opened fire at a Pennsylvania rally.

"What struck former President Trump in the ear was a bullet, whether whole or fragmented into smaller pieces, fired from the deceased subject’s rifle," the agency said in a statement.

The one-sentence statement from the FBI marked the most definitive law enforcement account of Trump’s injuries and followed ambiguous comments earlier in the week from Director Christopher Wray that appeared to cast doubt on whether Trump had actually been hit by a bullet.

The comment drew fury from Trump and his allies and further stoked conspiracy theories that have flourished on both sides of the political aisle amid a dearth of information following the July 13 attack.

Up until now, federal law enforcement agents involved in the investigation, including the FBI and Secret Service, had refused to provide information about what caused Trump’s injuries. Trump’s campaign has also declined to release medical records from the hospital where he was first treated or to make the doctors there available for questions.

Updates have instead come either from Trump himself or from Trump’s former White House doctor, Ronny Jackson, a staunch ally who now represents Texas in Congress. Though Jackson has been treating Trump since the night of the attack, he has come under considerable scrutiny and is not Trump’s primary care physician.

The FBI’s apparent reluctance to immediately vouch for the former president’s version of events has also raised fresh tension between the Republican nominee and the nation’s premier federal law enforcement agency, which he could soon exert control over once again. Trump and his supporters have for years accused federal law enforcement of being weaponized against him, something Wray has consistently denied.

Speaking at an event later Friday in West Palm Beach Florida, Trump drew boos from the crowd when he described the suggestion that he may have been struck by glass or shrapnel instead of a bullet.

"Did you see the FBI today apologized?" he asked. "It just never ends with these people. ... We accept their apology."

Trump appeared Friday for the first time without a bandage on his right ear. Photographs and video showed no sign of continued bleeding, and no distinct holes or gashes.

Questions about the extent and nature of Trump’s wound began immediately after the attack, as his campaign and law enforcement officials declined to answer questions about his condition or the treatment he received after Trump narrowly escaped death in an attempted assassination by a gunman with a high-powered rifle.

Those questions have persisted despite photographs showing the trace of a projectile speeding past Trump’s head as well as Trump’s teleprompter glass intact after the shooting, and the account Trump himself gave in a Truth Social post within hours of the shooting that he had been "shot with a bullet that pierced the upper part of my right ear."

"I knew immediately that something was wrong in that I heard a whizzing sound, shots, and immediately felt the bullet ripping through the skin," he wrote.

Days later, in a speech accepting the nomination at the Republican National Convention in Milwaukee, Trump recounted the scene in detail, while wearing a large gauze bandage over his right ear.

"I heard a loud whizzing sound and felt something hit me really, really hard, on my right ear. I said to myself, ‘Wow, what was that? It can only be a bullet,’" he said.

"If I had not moved my head at that very last instant," Trump said, "the assassin’s bullet would have perfectly hit its mark, and I would not be here tonight."

But the first medical account of Trump’s condition didn’t come until a full week after the shooting, when Jackson released his first letter last Saturday evening. In it, he said the bullet that struck Trump had "produced a 2 cm wide wound that extended down to the cartilaginous surface of the ear." He also revealed Trump had received a CT scan at the hospital.

Federal law enforcement involved in the investigation, including the FBI and Secret Service, had declined to confirm that account. And Wray’s testimony offered apparently conflicting answers on the issue.

"There’s some question about whether or not it’s a bullet or shrapnel that hit his ear," Wray said, before he seemed to suggest it was indeed a bullet.

"I don’t know whether that bullet, in addition to causing the grazing, could have also landed somewhere else," he said.

On Thursday, the FBI sought to clarify matters with a statement affirming that the shooting was an "attempted assassination of former President Trump which resulted in his injury, as well as the death of a heroic father and the injuries of several other victims." The FBI also said Thursday that its Shooting Reconstruction Team continues to examine bullet fragments and other evidence from the scene.

Jackson, who has been treating the former president since the night of the July 13 shooting, told The Associated Press on Thursday that any suggestion Trump’s ear was bloodied by anything other than a bullet was reckless.

"It was a bullet wound," said Jackson. "You can’t make statements like that. It leads to all these conspiracy theories."

In his letter Friday, Jackson insisted "there is absolutely no evidence" Trump was struck by anything other than a bullet and said it was "wrong and inappropriate to suggest anything else."

He wrote that at Butler Memorial Hospital, where the GOP nominee was rushed after the shooting, he was evaluated and treated for a "Gunshot Wound to the Right Ear."

"Having served as an Emergency Medicine physician for over 20 years in the United States Navy, including as a combat physician on the battlefield in Iraq," he wrote, "I have treated many gunshot wounds in my career. Based on my direct observations of the injury, my relevant clinical background, and my significant experience evaluating and treating patients with similar wounds, I completely concur with the initial assessment and treatment provided by the doctors at nurses at Butler Memorial Hospital on the day of the shooting."

The FBI declined to comment on the Jackson letters.

Asked if the campaign would release those hospital records, or allow the doctors who treated him there to speak, Trump campaign spokesperson Steven Cheung blasted the media for asking.

"The media has no shame in engaging in disgusting conspiracy theories," he said. "The facts are the facts, and to question an abhorrent assassination attempt that ultimately cost a life and injured two others is beyond the pale."

In emails last week, he told the AP that "medical readouts" had already been provided.

"It’s sad some people still don’t believe a shooting happened," Cheung said, "even after one person was killed and others were injured."

Anyone who believes the conspiracies, he added, "is either mentally deficient or willfully peddling falsehoods for political reasons."

Sen. Lindsey Graham, R-S.C., a close Trump ally, also urged Wray to correct his testimony in a letter Friday, saying the fact Trump had been hit by a bullet "was made clear in briefings my office received and should not be a point of contention."

"As head of the FBI, you should not be creating confusion about such matters, as it further undercuts the agency’s credibility with millions of Americans," he wrote.

Trump also lashed out at Wray in a post on his Truth Social network, saying it was "No wonder the once storied FBI has lost the confidence of America!"

"No, it was, unfortunately, a bullet that hit my ear, and hit it hard. There was no glass, there was no shrapnel," he wrote.

On Friday, he called Wray’s comments "so damaging to the Great People that work in the FBI."

Jackson has encountered significant scrutiny over the years.

After administering a physical to Trump in 2018, he drew headlines for suggesting that "if he had a healthier diet over the last 20 years, he might live to be 200 years old."

He was reportedly demoted by the Navy after the Department of Defense inspector general released a scathing report on his conduct as a top White House physician that found Jackson had made "sexual and denigrating" comments about a female subordinates and took prescription-strength sleeping medication that prompted worries from his colleagues about his ability to provide proper medical care.

Trump appointed Wray as FBI director in 2017 to replace the fired James Comey. But the then-president swiftly soured on his hire as the bureau continued its investigation into the Russian election interference.

Trump flirted openly with the idea of firing Wray as his term drew to a close, and he lashed out anew after the FBI executed a search warrant at his Mar-a-Lago estate in Florida to recover boxes of classified documents from his presidency.