Iran has drafted new rules to increase penalties for illegal cryptocurrency mining in the country, including additional fines and imprisonment. “Any use of subsidized electricity intended for households, industrial, agricultural, and commercial subscribers for mining cryptocurrency is prohibited.”
New Penalties for Illegal Cryptocurrency Mining in Iran
An official with Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) said the country’s administration will approve new rules to increase penalties for unauthorized cryptocurrency mining, IRNA publication reported Sunday.
Mohammad Khodadadi Bohlouli explained that under the new law:
The increased penalties include raising fines by at least three and at most five times, imprisoning the offender, and revoking the offender’s business license.
“Any use of subsidized electricity intended for households, industrial, agricultural, and commercial subscribers for mining cryptocurrency is prohibited,” Khodadadi said.
Иранска влада је одобрила рударење криптовалута као индустрију 2019. У јануару 2020. Министарство индустрије, рударства и трговине издало је преко 1,000 лиценци за операције рударења криптовалута.
However, Iranian authorities said that some unauthorized miners are using household electricity for cryptocurrency mining, resulting in major issues for the country’s electricity industry. In December last year, crypto miners were наручио to halt operations to prevent winter blackouts. In September, the authorities reportedly confiscated over 220,000 mining machines and затворити скоро 6,000 илегалних фарми крипто рударења широм земље.
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Source: https://news.bitcoin.com/iran-to-increase-penalties-for-unauthorized-cryptocurrency-mining/