Iran gives confiscated crypto back mining equipment for miner-mining Bitcoin messages
Iran gives confiscated crypto back mining equipment for miner-mining Bitcoin messages
A government responsible for state property in Iran has released part of the hardware that was confiscated by illegal crypto mining farms. Her top manager said that the agency had been committed to this by courts in the Islamic Republic, where not licensed miners were held responsible for power failures.
authorities in Iran give confiscated mining rigs back to their owners
The Iranian organization for the collection and the sale of state -owned property (OCSSOP) has started to return some of the mining devices confiscated by raids on underground crypto farms. This was ordered by Iranian courts, reported the English -speaking business newspaper Financial Tribune.
The head of the organization, Abdolmajid Eshthadi, said according to the state's Ministry of Economic Affairs and Finance:
Appropriate 150,000 [Units of] Crypto mining equipment is held by the Ocssop, from which a large part is released according to judgments. Machines have already been returned.
The official continued that the Iran Power Generation, Transmission and Distribution Company (Tavanir) should submit suggestions to use the mining hardware without damaging the national power grid.
Iran legalized the digging of cryptocurrencies in July 2019, but has since done stopped Authorized coin coin forms several times, citing power outages in the summer and winter months when the power consumption increases. It has also been hard against Iranians who operate mining outside of the law.
companies that want to reduce legally must obtain licenses and import permits from the Ministry of Industry, mining and trade. The devices must be approved by the Iran Standard Organization and the miners have to pay the electricity to export tariffs.
crypto minting with natural gas or electricity, which are intended for other purposes and consumers, is illegal in Iran. But the number of underground mining systems that are operated with the cheaper, subsidized energy increases and avoids the licensing that would force it to pay much higher tariffs.
In recent years, the state Tavanir has interrupted the power supply of all identified illegal mining facilities, confiscated its equipment and occupied its operators with fines due to damage to the national distribution network.
The supply company has found 7,200 non-authorized crypto mining farms since 2020. In July 2022 it is prerequisite against non-licensed measures To take crypto miners who, according to previous estimates, burned 3.84 trillion Rial ($ 16.5 million) of subsidized electricity.
The approval of the mining rigs takes place despite a ban from the Attorney General for such steps until the Iranian Parliament passes a law that deals with the problem of illegal mining. In August the government in Tehran approved a number of comprehensive crypto regulations License company Mining company under the new regulatory framework.
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