Blockchain Association Warns Gov't Against Uninformed Regulations

Iran Blockchain Association (IBA) has warned the government over hasty measures and unhelpful protocols for the future of cryptocurrency mining.
The decentralized nature of the technology renders it a “potential solution for addressing challenges faced by the people and businesses” in Iran, especially in their interaction with foreign entities, reads an open letter published on the IBA website. 
Unreasonable electricity tariffs in the past three years have made cryptomining unattractive to investors, the letter recalled. The high rates have "resulted in the expansion of underground mining activities, depriving the economy of the benefits of blockchain technology."