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Concern Over Rise in Illegal Cryptomining

Concern Over Rise in Illegal Cryptomining
Concern Over Rise in Illegal Cryptomining

The judiciary in Tehran has reported a jump in court cases related to illegal cryptomining calling for new measures to further restrict subsidized electricity for mining cryptocurrencies.
“Utilities and the Ministry of Industries need to work closer with the judiciary to help curb illegal cryptomining and cryptomining-related offences,” IRNA quoted Ali Tazreji, a judicial official as saying. 
The Energy Ministry's concerns over possible power outages in summer and indirect subsidies pumped into crypto mining, prompted the government to increase electricity rates for cryptocurrency mining to 7 cents/one kilowatt-hour.

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