Business And Markets

New Crackdown on Illegal Cryptominers

Disbanded illegal cryptocurrency mining centers across Iran have reached 6,914 since the crackdown began in 2020 and most were in five provinces, namely Tehran
New Crackdown on Illegal Cryptominers
New Crackdown on Illegal Cryptominers

The government is drafting new measures to further reduce unauthorized cryptomining in the country. 
According to Mohammad Khodadadi, the official in charge of supplying power to legal cryptomining centers at the Iran Power Generation, Transmission and Distribution Company (Tavanir), the plan calls for prison terms for illegal miners identified for the second time.
"Their activities are a threat to the country's energy security, they inflict huge damage on the national grid…and so the consequences must be in proportion to the damages" YJC quoted Khodadadi as saying.
"The plan has two main parts: the first is centered on increasing fines and penalties by three to five times for those who misuse subsidized electricity for cryptomining," he added. 


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