Thursday, March 23, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home Crypto News Crypto Regulation News

Iran pursues tougher action against crypto mining offenders

by ethozedge
April 18, 2022
in Crypto Regulation News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter


  • The government has warned illegal miners of heavier penalties to come
  • Illicit mining of crypto affects the power availability for household and industrial use

Iran is cracking the whip harder as it contends with the fact that unauthorised mining is setting a strain on the country’s energy supply. The government is set to impose legislation containing heavier punishment for those caught mining crypto assets illegally. 

Hitting the dodgy miners hard

According to a report published by the Tehran Times on Saturday, the move is meant to avoid blackouts and punish those using subsidised electricity for illegal crypto mining operations. Fines could rise threefold, and jail time increased by up to five times. An official with the country’s Power Generation, Distribution, and Transmission Company (known as Tavanir) sounded the warning.

 “Any use of subsidised electricity, intended for households, industrial, agricultural, and commercial subscribers, for mining cryptocurrency is prohibited,” said Mohammad Khodadadi Bohlouli.

Bohlouli added that misuse of the subsidised electricity by cryptocurrencies affects the quality of electricity, which in some cases, results in the damage of user electrical appliances. That adds to the fact that Iran’s infrastructure is somewhat dilapidated after years of economic sanctions.

The announcement comes on the back of a recent ban on cryptocurrency mining – in 2021 to free up electricity for industrial and household use amid a series of blackouts. The ban, which lasted until March 6 this year, was to free up 209 megawatts of power for consumption.

It is not the first time that the Iranian government has proposed taking harsher action against the misuse of energy resources. Back in May 2021, Mostafa Rajabi Mashhadi, Iran’s Energy Ministry’s spokesperson for the electricity sector, stated that such miners ought to compensate for damages and addition to their subjection to heavy fines.

The crypto scene and Iran’s infrastructural crisis

An estimated 4.5% of Bitcoin mining takes place in Iran, which blockchain tracking platform Elliptic says has allowed Iran to bypass the weighty sanctions it suffers each day.

Despite that, Iran has had an increased desire to switch to green energy and move away from its reliance on oil and natural gas. It has embarked on constructing renewable energy plants to serve a huge chunk of the population in urban areas. However, miners, who consume huge amounts of electricity meant for households, have disrupted any progress.



Source link

Tags: actionbitcoin newsCryptocrypto analysiscrypto newsEthoz EdgeIranLatest bitcoin newslatest crypto newsminingoffenderspursuestougher
Share76Tweet47

Related Posts

The US Government wants the Voyager-Binance deal to be halted

by ethozedge
March 15, 2023
0

Key takeaways; The US Government wants to halt the $1 billion deal between Binance.US and Voyager Digital. The government said...

Tether refutes “stale allegations” from Wall Street Journal

by ethozedge
March 6, 2023
0

Tether calls Wall Street Journal’s claims “stale allegations from long ago.” The USDT issuer noted in a recent blog post...

Crypto needs regulatory clarity: Blockchain Association CEO

by ethozedge
February 22, 2023
0

Kristin Smith, CEO of crypto industry group Blockchain Association is optimistic of crypto regulation this year. She notes that crypto...

US SEC fines former NBA Star Paul Pierce $1.4M for crypto

by ethozedge
February 18, 2023
0

The US SEC crypto crackdown does not seem to be fizzling out any time soon. Former NBA star Paul Pierce...

Sen. Warren to reintroduce AML bill extending to DeFi and DAOs

by ethozedge
February 15, 2023
0

Senator Elizabeth Warren first introduced the AML Act of 2022 on December 15, 2022. The first bill was read twice...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Here’s How The Industry Will

March 23, 2023

Multichain Wallet Bitkeep Raises $30 Million From Bitget to Strengthen Links Between Defi and Cefi – Bitcoin News

March 23, 2023

LTC up +7.46%, BTC -2.03%, Litecoin is The Coin of The Day – Daily Market Update for Mar 23, 2023 | CoinCodex

March 23, 2023

US Senator Introduces Bill to Ban Direct-to-Consumer Central Bank Digital Currency – Regulation Bitcoin News

March 23, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$27,839.00-1.55%
  • ethereumEthereum(ETH)$1,766.01-1.75%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.010.22%
  • binancecoinBNB(BNB)$327.710.01%
  • usd-coinUSD Coin(USDC)$1.000.09%
  • rippleXRP(XRP)$0.446717-1.35%
  • cardanoCardano(ADA)$0.375470-0.03%
  • dogecoinDogecoin(DOGE)$0.0780293.05%
  • staked-etherLido Staked Ether(STETH)$1,760.70-1.86%
  • matic-networkPolygon(MATIC)$1.13-1.33%
  • solanaSolana(SOL)$21.87-3.72%
  • binance-usdBinance USD(BUSD)$1.010.10%
  • polkadotPolkadot(DOT)$6.22-1.35%
  • litecoinLitecoin(LTC)$91.8813.49%
  • shiba-inuShiba Inu(SHIB)$0.000011-0.63%
  • tronTRON(TRX)$0.062431-7.72%
  • avalanche-2Avalanche(AVAX)$17.47-0.29%
  • daiDai(DAI)$1.000.06%
  • uniswapUniswap(UNI)$6.22-2.22%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,799.00-1.73%
  • chainlinkChainlink(LINK)$7.41-2.29%
  • ToncoinToncoin(TON)$2.33-4.11%
  • cosmosCosmos Hub(ATOM)$11.69-0.96%
  • leo-tokenLEO Token(LEO)$3.37-0.44%
  • ethereum-classicEthereum Classic(ETC)$20.942.02%
  • moneroMonero(XMR)$154.121.36%
  • okbOKB(OKB)$45.571.51%
  • bitcoin-cashBitcoin Cash(BCH)$129.61-2.61%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • stellarStellar(XLM)$0.093410-0.67%
  • filecoinFilecoin(FIL)$5.800.04%
  • AptosAptos(APT)$12.815.30%
  • true-usdTrueUSD(TUSD)$1.01-0.04%
  • lido-daoLido DAO(LDO)$2.370.75%
  • hedera-hashgraphHedera(HBAR)$0.061807-2.55%
  • quant-networkQuant(QNT)$126.61-2.51%
  • crypto-com-chainCronos(CRO)$0.069423-2.86%
  • nearNEAR Protocol(NEAR)$2.01-0.86%
  • vechainVeChain(VET)$0.0235360.93%
  • blockstackStacks(STX)$1.163.89%
  • algorandAlgorand(ALGO)$0.220728-6.38%
  • internet-computerInternet Computer(ICP)$5.12-1.37%
  • apecoinApeCoin(APE)$4.100.80%
  • the-graphThe Graph(GRT)$0.1551473.16%
  • fantomFantom(FTM)$0.4928043.68%
  • eosEOS(EOS)$1.15-0.77%
  • the-sandboxThe Sandbox(SAND)$0.65-0.67%
  • aaveAave(AAVE)$77.97-0.07%
  • decentralandDecentraland(MANA)$0.61-0.89%
  • elrond-erd-2MultiversX(EGLD)$43.07-0.94%
  • tezosTezos(XTZ)$1.16-1.18%
  • immutable-xImmutableX(IMX)$1.22-0.85%
  • flowFlow(FLOW)$1.02-1.79%
  • fraxFrax(FRAX)$1.000.13%
  • theta-tokenTheta Network(THETA)$1.030.01%
  • axie-infinityAxie Infinity(AXS)$8.60-0.54%
  • kucoin-sharesKuCoin(KCS)$9.08-2.37%
  • neoNEO(NEO)$12.453.26%
  • havvenSynthetix Network(SNX)$2.74-1.75%
  • conflux-tokenConflux(CFX)$0.386089-4.87%
  • optimismOptimism(OP)$2.55-1.84%
  • BitDAOBitDAO(BIT)$0.53-3.00%
  • paxos-standardPax Dollar(USDP)$1.00-0.03%
  • terra-lunaTerra Luna Classic(LUNC)$0.000127-1.06%
  • rocket-poolRocket Pool(RPL)$38.92-3.05%
  • curve-dao-tokenCurve DAO(CRV)$0.97-1.52%
  • gatechain-tokenGate(GT)$5.28-0.04%
  • usddUSDD(USDD)$1.00-0.22%
  • mina-protocolMina Protocol(MINA)$0.83-0.50%
  • klay-tokenKlaytn(KLAY)$0.231269-2.06%
  • bitcoin-cash-svBitcoin SV(BSV)$36.70-2.97%
  • dashDash(DASH)$61.938.59%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.78-0.52%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.790.26%
  • gmxGMX(GMX)$77.72-3.29%
  • chilizChiliz(CHZ)$0.1232680.33%
  • sapphireSapphire(SAPP)$0.7035.32%
  • makerMaker(MKR)$692.972.21%
  • ecasheCash(XEC)$0.0000322.37%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • singularitynetSingularityNET(AGIX)$0.498081-0.39%
  • frax-shareFrax Share(FXS)$8.05-3.37%
  • bittorrentBitTorrent(BTT)$0.000001-1.03%
  • huobi-tokenHuobi(HT)$3.67-8.98%
  • iotaIOTA(MIOTA)$0.213023-1.71%
  • Bitget TokenBitget Token(BGB)$0.410935-3.21%
  • xdce-crowd-saleXDC Network(XDC)$0.039022-3.68%
  • compound-ethercETH(CETH)$35.50-1.65%
  • EdgecoinEdgecoin(EDGT)$1.010.16%
  • pax-goldPAX Gold(PAXG)$1,991.501.93%
  • Tokenize XchangeTokenize Xchange(TKX)$6.32-1.67%
  • trust-wallet-tokenTrust Wallet(TWT)$1.210.06%
  • render-tokenRender(RNDR)$1.381.49%
  • tether-goldTether Gold(XAUT)$1,973.83-0.23%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • zilliqaZilliqa(ZIL)$0.028251-0.01%
  • compound-usd-coincUSDC(CUSDC)$0.0228920.16%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • osmosisOsmosis(OSMO)$0.81-2.02%
  • loopringLoopring(LRC)$0.3523631.16%
  • arweaveArweave(AR)$8.74-0.31%
  • 1inch1inch(1INCH)$0.51-2.61%
  • thorchainTHORChain(RUNE)$1.41-2.10%
  • mask-networkMask Network(MASK)$5.508.18%
  • radixRadix(XRD)$0.040400-3.50%
  • oec-tokenOKC Token(OKT)$22.91-0.22%
  • convex-financeConvex Finance(CVX)$5.40-2.96%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,889.11-1.83%
  • fetch-aiFetch.ai(FET)$0.388788-2.44%
  • enjincoinEnjin Coin(ENJ)$0.4028050.91%
  • kavaKava(KAVA)$0.89-5.13%
  • casper-networkCasper Network(CSPR)$0.036820-2.59%
  • gemini-dollarGemini Dollar(GUSD)$1.000.17%
  • nexoNEXO(NEXO)$0.702.40%
  • zcashZcash(ZEC)$35.86-0.33%
  • btse-tokenBTSE Token(BTSE)$2.390.71%
  • dydxdYdX(DYDX)$2.53-0.71%
  • DeFiChainDeFiChain(DFI)$0.56-3.41%
  • FlareFlare(FLR)$0.0318372.06%
  • FLOKIFLOKI(FLOKI)$0.000038-1.92%
  • MagicMagic(MAGIC)$1.76-2.82%
  • cdaicDAI(CDAI)$0.022244-0.02%
  • EthereumPoWEthereumPoW(ETHW)$3.43-0.71%
  • basic-attention-tokenBasic Attention(BAT)$0.243611-0.79%
  • ethereum-name-serviceEthereum Name Service(ENS)$13.92-1.48%
  • DogechainDogechain(DC)$0.001787-24.98%
  • nemNEM(XEM)$0.039493-1.99%
  • qtumQtum(QTUM)$3.365.73%
  • WEMIXWEMIX(WEMIX)$1.42-4.11%
  • woo-networkWOO Network(WOO)$0.2073800.76%
  • Aleph ZeroAleph Zero(AZERO)$1.579.85%
  • Nexus MutualNexus Mutual(NXM)$50.65-1.73%
  • injective-protocolInjective(INJ)$4.282.41%
  • terra-luna-2Terra(LUNA)$1.420.21%
  • baby-doge-coinBaby Doge Coin(BABYDOGE)$0.000000-1.82%
  • holotokenHolo(HOT)$0.0018670.52%
  • theta-fuelTheta Fuel(TFUEL)$0.0539310.35%
  • galaGALA(GALA)$0.041796-3.10%
  • ravencoinRavencoin(RVN)$0.026286-2.84%
  • kusamaKusama(KSM)$34.25-0.21%
  • celoCelo(CELO)$0.62-1.15%
  • compound-governance-tokenCompound(COMP)$44.16-0.01%
  • oasis-networkOasis Network(ROSE)$0.058796-1.27%
  • Access ProtocolAccess Protocol(ACS)$0.0098492.97%
  • Gains FarmGains Farm(GFARM2)$8,150.47-3.33%
  • bitcoin-goldBitcoin Gold(BTG)$16.69-2.01%
  • decredDecred(DCR)$19.65-0.86%
  • BeldexBeldex(BDX)$0.0555681.18%
  • gnosisGnosis(GNO)$110.24-1.44%
  • olympusOlympus(OHM)$10.260.15%
  • yearn-financeyearn.finance(YFI)$8,683.41-2.29%
  • KaspaKaspa(KAS)$0.016230-0.11%
  • AstarAstar(ASTR)$0.064348-5.51%
  • linkLINK(LN)$41.570.33%
  • audiusAudius(AUDIO)$0.282603-1.06%
  • ankrAnkr Network(ANKR)$0.034096-0.06%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.0000000.09%
  • harmonyHarmony(ONE)$0.0220522.24%
  • nucypherNuCypher(NU)$0.2053463.16%
  • balancerBalancer(BAL)$6.65-1.10%
  • liquity-usdLiquity USD(LUSD)$1.020.27%
  • bloxBlox(CDT)$0.382135-6.39%
  • chiaChia(XCH)$37.85-1.08%
  • Bone ShibaSwapBone ShibaSwap(BONE)$1.11-5.84%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • stepnSTEPN(GMT)$0.400001-0.68%
  • SSV NetworkSSV Network(SSV)$35.59-4.15%
  • BlurBlur(BLUR)$0.605.11%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • omisegoOMG Network(OMG)$1.790.63%
  • huobi-btcHuobi BTC(HBTC)$27,775.00-1.65%
  • convex-crvConvex CRV(CVXCRV)$0.85-2.04%
  • AstraferAstrafer(ASTRAFER)$1.58-2.11%
  • golemGolem(GLM)$0.244093-0.27%
  • Gains NetworkGains Network(GNS)$7.97-1.93%
  • moonbeamMoonbeam(GLMR)$0.3938921.21%
  • iotexIoTeX(IOTX)$0.025193-0.38%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • jasmycoinJasmyCoin(JASMY)$0.004843-0.89%
  • justJUST(JST)$0.025776-4.49%
  • escoin-tokenEscoin(ELG)$2.850.44%
  • ecomiECOMI(OMI)$0.000842-1.70%
  • DAO MakerDAO Maker(DAO)$1.521.98%
  • kadenaKadena(KDA)$1.01-2.57%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • tether-eurtEuro Tether(EURT)$1.090.93%
  • wavesWaves(WAVES)$2.24-1.79%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • Frax EtherFrax Ether(FRXETH)$1,765.35-1.79%
  • amp-tokenAmp(AMP)$0.003883-2.45%
  • terrausdTerraClassicUSD(USTC)$0.021822-2.70%
  • sushiSushi(SUSHI)$1.09-5.70%
  • band-protocolBand Protocol(BAND)$1.70-1.95%
  • siacoinSiacoin(SC)$0.0040700.37%
  • LiquityLiquity(LQTY)$2.25-2.81%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%