Bitcoin miners to face tougher penalties in Iran if they opera | IDO NFT SHILLER
Bitcoin miners to face tougher penalties in Iran if they operate illegally
Iran’s government is on track to introduce more stringent penalties for those cryptocurrency mining operations that operate illegally.
An official at the Ministry of Power Generation says that unscrupulous offenders may face jail time on top of much higher fines.
Mining operations are prohibited from using electricity intended for households and industrial subscribers.
In December, Iran imposed a ban on cryptocurrency mining for the second time in 2021. The move was meant to prevent blackouts caused by excessive energy consumption while freeing up power for households and commercial subscribers during winter.
