Iran’s New Crypto Law Requires Miners to Sell Bitcoin Directly to Central Bank to Fund Imports | Regulation Bitcoin News

Iran's New Crypto Law Requires Miners to Sell Bitcoin Directly to Central Bank to Fund Imports | Regulation Bitcoin News

Iran's New Crypto Law Requires Miners to Sell Bitcoin Directly to Central Bank to Fund Imports

Iran has reportedly revised the country’s cryptocurrency regulation to require licensed bitcoin miners to sell their coins directly to the central bank for use to fund imports.

The Iranian government has amended its cryptocurrency regulation to enable the country’s central bank to fund imports with bitcoin legally mined in the country, the government-controlled IRNA news agency reported on Saturday. Iranian publication Financial Tribune conveyed:

The measure proposed by the Central Bank of Iran [CBI] and the Ministry of Energy requires licensed cryptominers to sell the coins they mine directly to the CBI.

“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 publication added, noting that the central bank will soon announce details of the new law.

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

Presstv, an Iranian state-owned news and documentary network affiliated with the Islamic Republic of Iran Broadcasting (IRIB), explained: “The miners are supposed to supply the original cryptocurrency directly and within the authorized limit to the channels introduced by the CBI … The legal cap for the amount of cryptocurrency 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.”

Cryptocurrency analyst Alireza Shamkhi told ISNA news agency that the new law is vague and ambiguous. For example, it does not state how the central bank will price cryptocurrencies or the exchange rate between dollars and rials. Previously, miners could exchange their cryptocurrencies for dollars, rials, or other currencies at market prices. He added that 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.

Iran has issued over 1,000 licenses to crypto miners, including one to the Turkish bitcoin mining giant Iminer. Power plants in Iran are allowed to mine cryptocurrencies and bitcoin miners have been granted exclusive access to electricity generated from three of them. Meanwhile, over a thousand illegal bitcoin miners have been shut down.

What do you think about Iran’s new cryptocurrency mining law? Let us know in the comments section below.

Purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Author: Regulation

Kevin Helms

How An Indonesian Healthcare Clinic Is Fighting Climate Change

How An Indonesian Healthcare Clinic Is Fighting Climate Change

This photo from August 5, 2016 shows land clearing in West Kalimantan province. When the Alam Sehat … [+] Lestari medical center opened in July of 2007, it offered accessible, affordable, quality health care in return for conservation efforts. / AFP / BAY ISMOYO / TO GO WITH AFP STORY INDONESIA-ENVIRONMENT-HEALTH-FORESTS,FEATURE BY NICK PERRY

One of the many keys to saving forests and slowing climate change might prove to be healthcare. Illegal logging in Indonesia’s Gunung Palung National Park has declined over the past decade, and a recent study shows that that decline stemmed from better access to healthcare.

By meeting the needs of local communities, an intervention program improved the health of both the Gunung Palung forest and the people in nearby villages. A recent evaluation of the program found that by providing affordable healthcare and training in organic farming, the intervention allowed communities to stop logging and protect their forest.

When Gunung Palung National Park was first established as a protected area, local residents continued to venture into the forest for logging. Illegal logging and other types of deforestation threaten the biodiversity of rainforests, chipping away at habitats, important sources of medicine, and oxygen stores. The rainforests also contain vast stores of carbon, and deforestation can release harmful amounts of carbon dioxide into the atmosphere.

To figure out why illegal logging persisted, a team from Health in Harmony and Alam Sehat Lestari (ASRI), the organizations behind the intervention program, spent hundreds of hours speaking with hundreds of people from local communities. Community members shared that they wanted to protect the forest, but their circumstances left them little choice but to log.

“In every community, the consensus was the same,” said Kinari Webb, co-founder of ASRI and founder of the international partner organization, Health in Harmony. They needed training in organic farming and access to high quality, affordable healthcare. “They said without that, we can’t stop logging. If our family members are sick, we don’t have a choice.”

The rural villages surrounding Gunung Palung were far from affordable, quality healthcare, and saving cash for medical emergencies wasn’t doable for families in these low-resourced communities. “One of the only ways for people to get cash quickly was to log the forest, even though they knew the forest was critical to their own wellbeing,” said Webb.

The Health in Harmony and ASRI teams came to an agreement with 21 districts surrounding Gunung Palung. ASRI would work to give the communities what they need, providing a healthcare clinic and other programs the community had requested, like organic farming training and conservation education. They would also ensure that healthcare could be affordable for everyone. When it came to medical costs, patients wouldn’t need to pay with cash. The clinic would accept manure, seedlings, labor, handicrafts or other goods as payment too. If the districts could reduce logging, those residents would also get discounts at the clinic.

“What this program is trying to do is to understand the community needs and the community relationship with protected areas,” said Isabel Jones, post-doctoral scholar at the University of California, Berkeley School of Public Health.

During its first decade of operation, between 2008 and 2018, the clinic served nearly 30,000 different patients over 80,000 visits. Apart from healthcare, “we did regenerative agriculture training, we gave goats to widows, and we provided education for children. It was a huge amount that we did,” said Webb. “And in return, these communities avoided carbon loss.”

Jones, lead author on the study evaluating the intervention, Webb and their colleagues looked back on the first ten years of the clinic and program operations to see what kind of impact the intervention actually had.

They analyzed satellite data of forest coverage in Gunung Palung over the years and compared that to Indonesia’s other national parks. “We found a 70% reduction in illegal logging inside the national park compared to what would have happened in the absence of intervention,” said Jones.

This finding tracked with survey data from the communities. Responses from the beginning of the intervention, then in 2012 and 2017, showed that the number of men who reported logging in Gunung Palung declined by nearly 70%, and the number of households dependent on logging declined by 90%.

Jones estimated that this decline prevented the release of a little more than half a teragram of carbon. That’s comparable to saving 1.3 million barrels of crude oil.

“It’s definitely significant, but not huge,” said Jon Wang, a post-doctoral scholar at the University of California, Irvine department of Earth system science who was not involved in the study. “To put that into context, the entire world consumes something like 97 million barrels of oil a day.”

But this estimate doesn’t take into account all sources of carbon dioxide in the forest. “A lot of carbon stocks that need to be protected are in the soil, especially in Indonesia,” said Wang. “Deforestation leads to emissions of those carbon stocks pretty rapidly.” But even their conservative estimate, the researchers write, more than offsets costs of the health care intervention.

“The program not only benefited the forest, it benefited humans,” said Webb. Between 2008 and 2018, diagnoses of malaria, tropical diseases, tuberculosis, chronic obstructive pulmonary disorder (COPD), and childhood diseases like mumps, measles, rubella and whooping cough, all declined.

It wasn’t just the researchers and organization leaders who thought the intervention was doing its job. When community members were surveyed in 2012 and 2017, they reported that they thought the intervention was working too. About half of them attributed the logging reduction to healthcare discounts.

“It was a creative solution to a difficult problem,” said Wang. “Protecting forest cover is often viewed as a top down problem, something governments need to create a law for.” But in reality, those measures won’t work if they don’t include the perspective of the people most affected.

Health In Harmony and ASRI have now opened another medical center in Indonesia. Health In Harmony is also using its experience in Indonesia to start similar interventions in Madagascar and Brazil, customized to the needs of those communities.

“The key thing is that we ask the communities what the solutions are, and then we implement those,” said Webb. “Every time I’m in one of the communities, people will walk up to me and say, ‘Boy, when I designed the program I did a great job.’”


Author: Jackie Rocheleau

Eleven Seven's

Eleven Seven’s “Incision” Now on Amazon, Exclusive Clip Inside

Costas Mandylor (the SAW franchise) features in INCISION, now available on Amazon. The film will be released on iTunes/Google Play/VUDU on November 12, 2020.

Beauty Blogger Alexa Landry (Korrina Rico, “Ray Donovan”) only had one fear, plastic surgery. She ultimately had to face this fear when she was kidnapped with her friends by Dr. Cunningham (James Allen Brewer), a deranged plastic surgeon who is obsessed with beautifying his victims.

Lee Kholafai, Caylee Cowan, Kev Adams, Tristan Tales, James Allen Brewer, Jonathan McDaniel, Olga Safari, Marik Knight, John Wallbank, Elaine Partnow, Hailee Lautenbach, Olivia Day, Madison Bontempo, Kyler Fisher, Josefin Nilsson, Amanda Paris, Courtney Paige, Kristen Solis, Gary Daniel Mosher, Malia Maquera, & Tohi co-star in a film directed by Az and written by Chris Kato.

INCISION is now available on Amazon, and iTunes/Google Play/Vudu November 12, 2020.


Author: Written by Michael Therkelsen

(Senior Editor)

Gemini Companions with TaxBit on Automate Tax Crypto Reviews

Gemini Companions with TaxBit on Automate Tax Crypto Reviews

Cryptocurrency alternate and custodian Gemini is deploying TaxBit’s know-how to deal with a surge in tax audits which have focused people buying and selling cryptocurrency. The transfer goals to resolve tax dilemma because it produces quite a lot of tax submitting codecs that the IRS typically requires.

Gemini will use TaxBit’s Tax Center Suite to automate tax kinds and filings, which helps cut back potential human errors and guarantee computerized regulatory updates. The corporate’s Tax Information reporting solution permits Gemini to guard its customers simply as buyers of different asset courses.

Join your industry leaders at the Finance Magnates Virtual Summit 2020: Register and vote for the FMLS awards

“TaxBit’s software program automates the calculations required for crypto tax reporting, serving to cut back the ache level of crypto tax for our customers. Buyers may even be capable to see real-time tax implications of any trades they make on Gemini, ” stated Tyler Winklevoss, CEO of Gemini.

TaxBit supplies clients with a tax legal responsibility dashboard, which supplies them higher visibility into the tax impression of their crypto transactions. It additionally helps file extra correct tax returns, monitor their tax legal responsibility and spotlight potential tax refunds. Prospects can see the real-time tax impression of their transactions, in addition to obtain commerce alerts when tax saving alternatives can be found.

eToro’s Dylan Holman on Introducing Bitcoin to the Premier LeagueGo to article >>

This collaboration with Taxbit, which is backed by Gemini founders, the Winklevoss twins, ought to tackle the reporting wants of the cryptocurrency clients within the upcoming tax season. As such, accounting professionals servicing crypto-transacting clients can have sources required when reconciling cryptocurrency balances and transactions.

Lately, there have been quite a few stories rising of tax authorities clamping down and going after cryptocurrency merchants. The US Inside Income Service (IRS) additionally despatched letters to taxpayers who might need did not report revenue and pay the ensuing tax from cryptocurrency transactions.

On the very core, the IRS nonetheless deems crypto property to be property relatively than foreign money for revenue tax functions, the identical as its regulatory steerage got here out 5 years in the past. Which means the authority will proceed to tax crypto income and losses like these for shares, at capital positive aspects charges.

TaxBit CEO Austin Woodward additionally commented, “We’re excited to associate with Gemini with a view to carry business main tax know-how to Gemini’s platform. Gemini is making crypto taxes, one thing that traditionally has been considered as intimidating and complicated, easy.”


Author: newworldtimes

Council Post: 11 Original Ways To Leverage Influencer Marketing For Maximum Impact

Council Post: 11 Original Ways To Leverage Influencer Marketing For Maximum Impact

Although influencer marketing is not a new phenomenon, it seems to evolve more quickly than other forms of marketing and advertising. As more and more creators enter the market, intent on becoming paid influencers, smart brands and the agencies they work with know that effectively partnering with an influencer takes more than just a large number of followers.

The key is to leverage the organic influence of the right people to create deeper engagement between their followers and your brand, and countless variables will affect your strategy. Here, 11 members of Forbes Agency Council look at some of the most original iterations of influencer marketing that brands can use to stand out to target audiences in unique and memorable ways.

Forbes Agency Council members explore the most original ways to leverage influencer marketing.

1. Technical Subject Matter Experts As Influencers

For companies targeting technical audiences, influencers are smart, experienced engineers and other technical subject matter experts who routinely comment on industry trends and technical challenges with their unique points of view. Partner with these pundits, who are often found associated with industry groups or publications. Another option is to create your own influencer within company ranks. – Wendy Covey, TREW Marketing

2. Podcast Host Endorsements

Host endorsements on podcasts are a great form of influencer marketing. The most recent audience studies show that at least one in three Americans listened to a podcast in the month prior. Marketers and advertisers are taking notice of the host’s (influencer’s) unique ability to not only provide reach, but also connection and economic results. It’s an “opt-in” channel where show hosts have listeners’ undivided attention and trust. – Kurt Kaufer, Ad Results Media

3. Shoppable Influencer Content

Influencer marketing started as an awareness tactic, but the industry has truly matured. We’ve seen that influencers tell compelling stories that not only drive awareness, but can also generate purchase intent. And now, with click-to-cart companies such as SmartCommerce and new features in Instagram, influencer content can be shoppable, allowing consumers to go from interest to cart in just a single click. – Maria Sipka, Linqia

4. Influencer Marketing Efforts Tied To A Cause

Tie your influencer marketing efforts to a cause. Microsoft’s #MakeWhatsNext campaign, for example, encourages young girls to pursue careers in STEM. On International Women’s Day, the brand teamed up with National Geographic to feature photos of women scientists that generated millions of likes and spurred significant engagement. – Scott Baradell, Idea Grove

Forbes Agency Council is an invitation-only community for executives in successful public relations, media strategy, creative and advertising agencies. Do I qualify?

5. Influencer Content As Paid Social Ads

We’ve seen a huge rise in using influencer content as paid social ads for remarketing audiences in the last 30, 60 or 90 days. This allows companies to avoid ad fatigue and leverage unique influencer content to build credibility, trust and desire for the product or service. – Brian Meert, AdvertiseMint

6. Turning Employees Into Influencers

A highly original form of influencer marketing is taking someone that works for you and making that person an influencer. We have clients that sell beauty products. Instead of paying someone on the outside, they’ve showcased their own people using the products. As they acquire a following, the company has an in-house influencer already on payroll. Better still, this is a repeatable step. – Danny Star, Website Depot

7. Brand Ambassadors Programs

Brand ambassadors programs as a type of influencer marketing sound more impactful and authentic to audiences who look at brand ambassadors as people with an emotional attachment to the brand, and adore it to an extent that they are ready to promote it. With an emphasis on brand ambassadors programs, consumers feel like owners of the brand and become fully engaged with it. – Elissar Hajj Zarwi, Comma Hub

8. Invitation-Only Facebook Groups

An innovative form of influencer marketing consists of private and invitation-only online Facebook groups sponsored by the marketer to create the sense of a safe and exclusive space for members of a community united by a shared interest to bond with each other. You need to request and be approved by the marketer to join the group. Once inside, the influencers keep the conversation alive with questions and participation that inspire others to engage. – Abigail Hirschhorn, Human Intelligence | H.I.

9. The Rise Of TikTok Influencers

TikTok is the wild west of influencer marketing and a fertile ground for brands to test and learn with branded TikTok videos. Compared to other platforms, the number of brands activating TikTok campaigns is relatively low, so your brand may be the first in your category to become established on the platform. Now is a great time to take advantage of the lighthearted content native to the platform. – Corbett Drummey, Popular Pays

10. Influencer Marketing On Instagram

Influencer marketing on Instagram is what I see as the most undervalued, high-return investment a business or brand can make. Pairing with the right influencer for your brand can not only generate sales and new customers, but also exponentially grow your business. An Instagram influencer’s loyal community of followers will try any product or service the influencer pushes as long as it aligns. – Tony Pec, Y Not You Media

11. Influencer Takeovers Of Brands’ Social Media

Having an influencer take over a brand’s social media channel can be a powerful collaboration that gives a brand instant credibility and reaches a new market. From fashion labels having celebrity DJs livestream on their channels to a celebrity providing an online edit of a magazine’s feed, this form of marketing is becoming more impactful by the minute. – Adrian Falk, Believe Advertising & PR


Author: Expert Panel®

Iran's New Crypto Law Requires Miners to Sell Bitcoin Directly to Central Bank to Fund Imports | Regulation Bitcoin News

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