Iranian authorities confiscated 7 000 devices for mining – Bits Media

Iranian law enforcement agencies reported confiscation 7 000 devices for mining cryptocurrencies. This was the largest seizure of equipment from an illegal mining farm in the country..

At the end of May, the Iranian authorities completely banned thethe rise of cryptocurrencies in the country until September due to a lack of electricity. Especially, unlicensed mining farms consume almost an order of magnitude more energy, than registered. However, not all miners have obeyed the ban.. The confiscated devices were placed in an abandoned factory in the west of Tehran.

По данным аналитической компании Elliptic, at the moment, the capacity of miners in Iran is about 4.5% of the total capacity of the Bitcoin network. This is not surprising - the authorities of the country have legalized mining, making Iran very attractive to miners thanks to low electricity prices. Miners sold the mined bitcoins to the Central Bank of Iran, а затем криптовалюта использовалась для покупки импортных товаров в обход санкций США.

Earlier, Iranian President Hassan Rouhani announced the need to create a clear legal framework for the control of the cryptocurrency industry., to protect the interests of citizens and the state.