Due to heavily subsidized electricity costs, Iranians can mine a single Bitcoin for roughly $1,300, compared to global averages of $20,000–$30,000. With Bitcoin trading near $112,000, miners in Iran are seeing some of the largest profit margins in the world. Analysts warn that this dynamic could fuel global regulatory tensions as sanctioned economies turn to crypto mining for revenue. Download the Movement Market app in my bio and start launching your own memecoins 🚀

The Supreme Court on Monday questioned the central government’s prolonged inaction on regulating cryptocurrencies and said that the absence of a clear legal framework haS created a fertile ground for “misuse.” The Court also reiterated that unregulated Bitcoin trading was “nothing but a more polished form of Hawala,” an informal and illegal method of transferring money across countries.