The Iranian government plans to increase the sanctions on illicit crypto miners as some could even face imprisonment.
Despite allowing legal miners to resume their operations from September, the Ministry of Energy temporarilytheir activities at the end of 2021. The ruling body maintained a similar position: crypto mining will overload the electricity network, so it needs to be prohibited.
With temperatures starting rising in March this year, the government revealed intentions to remove the ban. The Ministry of Industry, Mine, and Trade, though, said it will permit only those enterprises that use renewable energy sources to power their supercomputers.by The Tehran Times disclosed that sanctions for those operating without authorization or using a different type of energy than the aforementioned could be severe.
Similar to the previous warnings, the official claimed that misusing subsidized electricity to mine digital assets reduces the quality of the energy supply in the national grid and “damages peoples’ electrical appliances such as televisions, refrigerators, air conditioners, and so on.”It is worth observing how the second-largest bitcoin miner in terms of global hash rate –
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