9,404 crypto mining devices seized by Iranian authorities since March – Mining Bitcoin News

Iranian authorities have seized nearly 10,000 illegal cryptocurrency mining devices since March. According to reports, many of the seized crypto-mining rigs operated in public places that receive free or heavily subsidized electricity, such as schools and mosques.

Iran confiscates nearly 10,000 cryptocurrency mining devices

Kambiz Nazerian, head of Tehran’s electricity distribution company, said on Monday that Iranian authorities had discovered and seized 9,404 illegal cryptocurrency mining devices in Tehran since the beginning of the Persian calendar year which began on March 21, local media reported.

He explained that the mining equipment was discovered by inspectors in different neighborhoods of the Iranian capital.

Iranian authorities have regularly announced the discovery of illegal cryptocurrency mining machines in different parts of the country over the past few years. Many of these unauthorized cryptocurrency mining operations were based in public places, such as schools and mosques, which receive free or heavily subsidized electricity.

Alireza Peymanpak, Deputy Minister of Iran’s Ministry of Industry, Mines and Trade and Chairman of the country’s Trade Promotion Organization (TPO), revealed that “the first official import order has been placed with success with a cryptocurrency worth $10 million”. He added, “By the end of September, the use of cryptocurrencies and smart contracts will be widespread in foreign trade with target countries.”

Last week, Alireza Managhebi, Chairman of the Iranian Importers and Foreign Companies Representatives Group (Imports Association), pointed out that a stable regulatory framework for cryptocurrencies should be established for cryptocurrencies so that they successfully used as a means of payment for imports. .

Meanwhile, the Governor of the Central Bank of Iran (CBI), Ali Salehabadi, recently declared that the buying, selling and investing of cryptocurrencies is prohibited. Iran’s Intelligence Ministry also issued a statement in May saying it had blocked 9,219 bank accounts belonging to 545 people due to suspicious foreign currency and cryptocurrency transactions.

What do you think of the Iranian authorities’ seizure of 9,404 illegal mining devices? Let us know in the comments section below.

Kevin Helms

An economics student from Austria, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests include Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

Image credits: Shutterstock, Pixabay, Wiki Commons, lev stingy

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