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Iran to stiffen penalties for illegal use of subsidized energy in crypto mining -Breaking

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Iran will increase penalties for illicit use of sub-subsidized energy in cryptomining

For crypto mining that uses subsidized energy, the Iranian government is increasing penalties. This is another step towards tightening mining regulations in Iran, which has been struggling with energy in recent years.

Tehran Times, April 16, reported, citing the country’s Power Generation, Distribution, and Transmission company, that the government plans to drastically increase the fines rates for the mining operators who use subsidized electricity. Mohammad Khodadadi Bohlouli was the representative for the company.