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Iran Escalates Crackdown on Illegal Crypto Mining Amid Severe Power Crisis
16.8.2024
Iran is aggressively cracking down on illegal cryptocurrency mining as the nation faces a severe power crisis exacerbated by an intense heatwave. Iranian authorities claim that unauthorized crypto mining has significantly strained Iran’s power grid, leading to widespread industrial...
Iran Starts Licensing Crypto Miners Under New Regulatory Framework
5.9.2022
The government of Iran has reportedly started issuing licenses to crypto miners under the new “comprehensive and detailed” regulatory framework approved last week. The authorities previously issued licenses to a number of crypto mining operations but halted the process due to power...
Iran to stiffen penalties for illegal use of subsidized energy in crypto mining
18.4.2022
The fines will reportedly triple compared to current rates, while repeated violations will lead to jail time
Licensed Iranian crypto miners ordered to halt production 'altogether'
6.7.2021
Even Iran's Minister of Labor has reported electrical disruptions to his home as crypto miners continue to exert demand on the country's power grid
Proposed bill in Iran could ban all foreign-mined cryptocurrencies
2.7.2021
Lawmakers seem to be attempting to establish a legal framework behind a Central Bank of Iran decision for people to only use crypto from state-licensed mining operations for payments
Iranian trade ministry issues 30 crypto mining licenses
28.6.2021
Tehran Province, which houses Iran’s capital, was awarded only one license for operating a crypto mining center
With crypto mining banned in Iran, local authorities seize 7K rigs
22.6.2021
The police chief of Tehran said authorities had raided 50 locations across the Iranian capital in the last 48 hours, discovering 3,000 illegally operating crypto miners
Iran Seizes 7,000 Bitcoin Mining Machines
22.6.2021
Iranian police have reportedly seized 7,000 bitcoin mining machines operating illegally in the country. The machines were found in an abandoned factory west of the capital. 7,000 cryptocurrency mining machines have been seized by Iranian authorities, state news agency IRNA reported Tuesday, noting...
Cheap Power Is Creating a Bitcoin Mining Boom in Argentina
2.6.2021
Argentina, the ailing South American country, is experiencing a cryptocurrency mining resurgence due to artificially low power rates maintained by subsidies from the national government. This fact, alongside exchange controls and the possibility of selling obtained assets at a higher exchange rate...
Iran seems to be attempting to ban foreign-mined cryptocurrencies for payments
7.5.2021
A difficult-to-enforce ban may actually be part of a larger sanctions-avoidance strategy
Crypto mining allegedly worsening air pollution in Iran
14.1.2021
Mining for Bitcoin may be contributing to “thick layers of toxic smog” and blackouts across many Iranian cities
Iran Shuts Down 1,620 Cryptocurrency Mining Farms
6.1.2021
Since Iran began recognizing cryptocurrency mining as an industry, it has reportedly shut down 1,620 unauthorized crypto mining farms. Crypto miners initially welcomed the recognition but later said that the electricity tariffs were too high. 1,620 Crypto Mining Farms Shut Down in Iran Iranian...
Iran’s crypto mines could be used to help fund car imports
14.9.2020
It seems that the private sector is not satisfied with the country’s local fiat money
Iranian Authorities Greenlight Power Plants Mining Bitcoin
30.7.2020
According to Iranian authorities, power plants can mine cryptocurrencies like Bitcoin, but will not be able to take advantage of subsidies
Power Plants in Iran Are Authorized to Mine Bitcoin
29.7.2020
Power plants in Iran are allowed to mine cryptocurrencies, the deputy head of the country’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly confirmed. Mostafa Rajabi Mashhadi, deputy head of Tavanir, explained that entities have to apply for the necessary...
Iranian Authorizes Issue License for 6000-Rig Crypto Farm
4.5.2020
Iran’s Ministry of Industry, Mining and Trade issued a license to Turkey-based company iMiner for operating in the province of Semnan
Iran Issues More Than 1,000 Cryptocurrency Mining Licenses
25.1.2020
The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup —...
Iran Considers New System of Annual Registration for Crypto Miners
19.9.2019
Iran is considering a new system of annual registation for crypto miners in ongoing efforts to legitimize the industry
From Booze to Bitcoin Mining – Why Violent Prohibition Is Always Harmful
6.8.2019
Stories continue to emerge about newly discovered illegal mining operations being busted by state and corporate authorities. Just last week Iranian media reported the seizure of 177 Bitcoin mining units worth over $270,000 being smuggled via truck in the Arak region. On July 31, Russia’s...
Iranian Authorities Confiscate 1,000 Bitcoin Mining Machines
28.6.2019
Following a surge in power consumption, Iranian authorities detected and seized 1,000 Bitcoin mining machines