These include much higher fines for those minting digital currencies with subsidized electricity and penalties for government officials involved in mining.The Iran Power Generation, Transmission and Distribution Company has adopted new, more severe measures to prevent crypto mining outside the law. The utility’s spokesman Mostafa Rajabi Mashhadi announced that fines for illegal activities in the sector have been increased by 400%.
Unlicensed crypto miners must pay their electricity bills at rates four times higher than export rates that are already higher than the subsidized tariffs for households. Mashhadi also said that first-time offenders will be denied access to subsidized energy, including electricity, natural gas and liquid fuels, for a period of three months after they are identified. And those that are caught again will be cut off from supply for a full year, the official added in a statement published on the website of the Iranian Ministry of Energy.
If crypto mining is detected at facilities owned by state-run organizations or public institutions, those responsible will face penalties under the law and will be suspended from their government jobs in the Islamic Republic, the report also revealed. Just like last year, the government in Tehran has decided to restrict crypto mining, expecting the power deficit to increase during the hot months of the year when consumption for cooling rises. In June, Tavanir ordered licensed miners to
I don't think that's the best solution.
That's not the solution
👎👎👎👎
LOL. The government hates competition.
😂😂😂
Is there anything else like it?
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