Head of the Tehran Stock Exchange steps back Mining Rigs found in the organization office-mining Bitcoin messages
Head of the Tehran Stock Exchange steps back Mining Rigs found in the organization office-mining Bitcoin messages
The director of the Tehran Stock Exchange has resigned from his post after cryptocurrency-mining rigs were discovered in the basement of his organization. The scandal has broken out when licensed crypto miners in Iran report, according to fear of new restrictions in winter, resume operations.
CEO of the Iranian stock exchange loses job because of illegal cryptos mining under his supervision
Ali Sahraei, CEO of the Tehran Stock Exchange, submitted his resignation after cryptocurrency mining machines were discovered in the building occupied by the organization. Media reports on the illegal mining company in the branches of the market were initially denied by the stock exchange. There was only to have started an "investigation and research project" in connection with the liquidity outflow in crypto-assets in 2020.
According to another statement, cited by the state Mashreq News, an internal inspection came across several mining devices that were allegedly operated by the stock exchange. "During the examination, we found that the activity was not fully recorded and disclosed in the reports and in the accounts of the company," the announcement said. When the news of these results was spread in the Iranian media, Ali Sahraei told the Isna news agency:
In order to offer an opportunity for further investigations into the cryptocurrency mining on the stock exchange and to support the stability of the markets, I offered the board of directors my resignation that accepted it.
According to the Iran International news portal, the official news agency in the country, Irna, has described the events differently. In her report on the mining scandal cited in the English -language edition, it is claimed that Sahraei was actually released from his position on the Tehran Stock Exchange.
Iranian authorities allow licensed miners to resume the company, report
The Iranian company for electricity generation, distribution and transmission, tavanir , which had initially refused to explain the existence of Ali Sahrai, further comments to hand over the National Council of Resistance of Iran (nwri) on its website. It is believed that the drilling rigs have used a lot of electricity, and Tavanir has followed energy -intensive illegal mining companies that are held responsible for the country's shortage of electricity this year.
According to the data published in September, the supply company over 216,000 mining machines from more than 5,300 underground crypto farms. During the exceptionally hot summer, Iran was faced with an increasing electricity requirement for air conditioning systems and had to struggle with power failures across the country. The electricity deficit forced the authorities to reduce consumption, and cryptocurrency miners have been targeted. Licensed mining farms were also closed with a temporary ban Rohani in May.
in August Tavanir announced the restrictions for authorized Crypto miners should be lifted on September 22nd in view of an expected decline in electricity demand in autumn. According to Test report from Iran International, based in Great Britain, the authorities in Tehran have now allowed to recover the operation. However, electricity bottlenecks could occur again in Iran in the cold winter months and reintroduce the reduction restrictions.
The Islamic Republic recognized the mining of cryptocurrencies as a legal industrial activity in July 2019, and the government introduced a license system for mining companies. Approval are issued by the Ministry of Industry, Mining and Trade. According to Tavanir, 56 authorized crypto mining farms need a total of 400 megawatts of electricity to shape digital coins rejected from the Ministry of Industry.
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