Iran is harder against crypto mining offender

Iran is harder against crypto mining offender

  • The government has warned illegal miners of harder punishments
  • The illegal mine of crypto affects the power availability for private and industrial use

Iran strikes harder with the whip because it fights that the unauthorized mining is stressing the country's energy supply. The government is enacted laws that provide harder punishments for those who are caught at the illegal mine of crypto-assets.

The shady miners hit hard

according to a report THERAN TIMES On Saturday, the step is to avoid power failures and punish those who use subsidized electricity for illegal crypto mining operations. The fines could triple and increase prison sentences to five times. A official of the Power Generation, Distribution, and Transmission Company (known as Tavanir) warned.

" Any use of subsidized electricity, which is intended for households, industrial, agricultural and commercial subscribers, is prohibited for digging cryptocurrency." said Mohammad Khodadadi Bohlouli.

Bohlouli added that the abuse of the subsidized electricity affects the quality of the electricity by cryptocurrencies, which in some cases leads to damage to the electrical appliances of the users. In addition, the infrastructure of Iran is somewhat dilapidated after years of economic sanctions.

The announcement is carried out on the basis of a recent ban on cryptocurrency mining-in 2021 in order to release electricity for industrial and private use in the middle of a series of power failures. The which lasted until March 6, should be 209 Megawatt performance release for consumption.

It is not the first time that the Iranian government proposes to tough against the abuse of energy resources. Already in May 2021 Mostafa Rajabi Mashhadi, spokesman for the Iranian Energy Ministry, said for the electricity sector, stated that such miners should compensate for damage and in addition to their submission with high fines.

The crypto scene and the infrastructure crisis in Iran

an estimated 4.5 % of Bitcoin mining take place in Iran, which, according to Elliptic, the blockchain tracking platform, has made Iran possible to avoid the severe sanctions from which he suffers every day.

Nevertheless, Iran has an increased wish to change Green energy and away from its dependency on oil and oil and Natural gas. It has started to build systems for renewable energies to supply a large part of the population in urban areas. Miners who consume huge amounts of electricity for households have disturbed any progress.

Source: Coinlist.me

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