Kevin Helms
A student of Austrian economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of economics and cryptography.
9,404 Crypto Mining Units Seized By Iranian Authorities Since March – Mining Bitcoin News
Iranian authorities have seized nearly 10,000 illegal cryptocurrency mining units since March. According to reports, many of the seized crypto mining rigs operated in public places that receive free or heavily subsidized electricity, such as schools and mosques.
Iran confiscates nearly 10,000 crypto mining units
Kambiz Nazerian, head of the Tehran Electricity Distribution Company, said on Monday that Iranian authorities have detected and seized 9,404 illegal cryptocurrency mining rigs in Tehran since the beginning of the Persian calendar year that started on March 21, local media reported.
He explained that the mining equipment was discovered by inspectors in different districts of the Iranian capital.
Iranian authorities have regularly announced the discovery of illegal cryptocurrency mining machines in various parts of the country in recent years. Many of these unauthorized cryptocurrency mining operations were based in public places, such as schools and mosques, which receive free or heavily subsidized electricity.
Alireza Peymanpak, deputy minister of Iran’s Ministry of Industry, Mines and Trade and president of the country’s Trade Promotion Organization (TPO), revealed that “the first official import order was successfully placed with cryptocurrency worth $10 million.” He added: “By the end of September, the use of cryptocurrencies and smart contracts will be widespread in foreign trade with target countries.”
Last week, Alireza Managhebi, chairman of Iran’s Importers Group and Representatives of Foreign Companies (Imports Association), stressed that a stable regulatory framework for cryptocurrencies should be established for cryptocurrencies to be used as a means of payment for imports. .
Meanwhile, the Governor of the Central Bank of Iran (CBI), Ali Salehabadi, recently said that the buying, selling and investing of cryptocurrencies is prohibited. Iran’s Intelligence Ministry also released a statement in May declaring that it has blocked 9,219 bank accounts belonging to 545 people due to suspicious foreign currency and cryptocurrency transactions.
What do you think about the Iranian authorities seizing 9,404 illegal mining equipment? Let us know in the comments section below.
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