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.
Iranska vlada odobrila je rudarenje kriptovaluta kao industriju 2019. U januaru 2020. Ministarstvo industrije, rudarstva i trgovine izdalo je preko 1,000 licenci za operacije rudarenja kriptovaluta.
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 naručio to halt operations to prevent winter blackouts. In September, the authorities reportedly confiscated over 220,000 mining machines and ugasiti skoro 6,000 ilegalnih farmi kripto rudarenja širom zemlje.
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Source: https://news.bitcoin.com/iran-to-increase-penalties-for-unauthorized-cryptocurrency-mining/