Foreign News: Iran Shuts 1,620 Illegal Mining Firms After Legalizing Cryptocurrency Mining

According to Bitcoin.com, Iranian authorities have shut down 1,620 illegal cryptocurrency mines since July 2019, when Iran began to recognize cryptocurrency mining as legal trade. This mining plant uses 250 megawatts of electricity. In December of last year, a number of unauthorized cryptocurrency mining platforms were seized when the price of Bitcoin broke an all-time high. Mostafa Rajabi Mashhadi, vice president of Iranian Electricity Generation, Distribution and Transmission Company (Tavanir), said: “Tavanir treats illegal workers strictly. Unlicensed workers will be fined. Their mines will be cut off from the national grid and continued, ”Mashhadi said. . , reported a further increase in incidents related to illegal cryptocurrency mining in December of last year, when illegal cryptocurrency mining was recognized.