Government Hardens Stance on Crypto Miners

Date: 16 May 2021 - 21:47

News ID: ۹۰۲۸۳

TEHRAN (Dispatches) -- The Iranian government is hardening its stance on cryptocurrency mining as it announces anyone caught using household electricity to do it will face heavy fines.
The fine is not the only penalty any household miners will face, either. They will also be required to pay compensatory fees for damage caused to the electricity network. More specifically, unauthorized crypto mining causes electrical supply issues, on account of the damage it causes to the local power grid and transformers.