Close Menu
Cryprovideos
    What's Hot

    Will Elon Musk Decide XRP Over Dogecoin For X Funds? Market Professional Solutions | Bitcoinist.com

    June 7, 2025

    Why Coinbase Introduced Dogecoin and XRP to Ethereum Community Base – Decrypt

    June 7, 2025

    Trump touts memecoin as sentiment gauge as $520M unlock nears

    June 7, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Iran’s crypto-mining crackdown – Why is the nation providing bounties now?
    Iran’s crypto-mining crackdown – Why is the nation providing bounties now?
    Crypto News

    Iran’s crypto-mining crackdown – Why is the nation providing bounties now?

    By AMBCrypto TeamNovember 3, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    • A significant heatwave has worsened the electrical energy disaster in Iran
    • Mining actions have traditionally allowed the nation to mitigate results of worldwide sanctions

    Iran is intensifying its crackdown on unlawful cryptocurrency miners amid a extreme and unprecedented heatwave that has led to an electrical energy disaster throughout the nation. The heatwave has considerably strained Iran’s energy grid, prompting the state-backed electrical energy firm, Tavanir, to take drastic measures.

    In a bid to curb the rising demand for electrical energy, Tavanir has not solely ramped up efforts to find and shut down unlawful mining operations however can also be providing a $23 bounty to residents who report unauthorized miners.

    In response to one of many agency’s execs,

    “Opportunistic people have been exploiting backed electrical energy and public networks to mine cryptocurrencies with out correct authorization.”

    Is crypto mining a manner out?

    Unlawful crypto mining has develop into a serious concern in Iran, with unauthorized operations consuming huge quantities of electrical energy—equal to provincial ranges of energy consumption. The issue has escalated to the purpose the place over 230,000 unlawful mining models have been confiscated by authorities lately.

    The state of affairs has additionally drawn worldwide consideration, significantly concerning the potential misuse of cryptocurrency mining in Iran.

    Again in Could, for example, U.S. Senator Elizabeth Warren raised considerations that Iran is perhaps utilizing crypto mining as a technique to evade worldwide sanctions. The nation has been beneath heavy financial sanctions, and cryptocurrency provides a possible avenue to bypass conventional monetary techniques.

    The concern is that Iran might be leveraging its rising crypto mining trade to generate income and circumvent financial restrictions imposed by the worldwide neighborhood.

    A world pattern?

    The legality of crypto mining in Iran has been a fancy problem. Whereas the nation formally acknowledges and even regulates crypto mining, it has imposed strict controls and requires miners to acquire licenses. Nevertheless, the profitable nature of mining, mixed with the financial pressures confronted by many Iranians, has led to a surge in unlawful mining actions.

    Iran is just not alone in going through this problem. Different nations similar to Kazakhstan and Kosovo have additionally been clamping down on unlawful crypto mining operations because of electrical energy shortages.

    In Kazakhstan, the federal government has launched new rules and penalties for unauthorized mining after the nation skilled energy outages linked to a surge in crypto mining actions. Equally, Kosovo imposed a brief ban on all crypto mining earlier this yr to alleviate strain on its electrical energy grid.

    Earlier: FLOKI assessments key resistance: Is a 50% worth hike probably?
    Subsequent: Donald Trump’s crypto-pivot – +1M in ETH, +7M in NFT licensing deal



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Why Coinbase Introduced Dogecoin and XRP to Ethereum Community Base – Decrypt

    June 7, 2025

    Trump touts memecoin as sentiment gauge as $520M unlock nears

    June 7, 2025

    Will Ozak AI Be the Subsequent SOL or MATIC? $0.003 Entry May Be Historic

    June 7, 2025

    Virtuals Protocol Would possibly Battle to Retain $2 – Right here’s Why

    June 7, 2025
    Latest Posts

    Are We Witnessing the Last Bitcoin Cycle as We Know It?

    June 7, 2025

    Bitcoin Golden Cross Sample Says The Crash To $100,000 Is Regular – What To Count on Subsequent

    June 7, 2025

    Is a Bitcoin value rally to $150K attainable by yr's finish?

    June 7, 2025

    The most effective DOGE and BTC cloud mining platform in 2025, simply earn $16,777 a day

    June 7, 2025

    Bitcoin Holds Above $100K, However Analyst Sees Bother Brewing

    June 7, 2025

    Pepe Worth Prediction: $PEPE Declines as Bitcoin Hyper Emerges as a Prime Presale Decide

    June 7, 2025

    Circle Inventory Climbs: CRCL Quadruples IPO Value as Bitcoin Regains – Decrypt

    June 7, 2025

    Bitcoin DeFi platform Alex Protocol loses $8.3M to take advantage of

    June 7, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Arizona Governor Vetoes Two Crypto Payments, Indicators One Concentrating on ATM Fraud – Decrypt

    May 13, 2025

    5 Finest Free Crypto Cloud Mining Platforms: earn $8,400 every day with bitcoin cloud mining

    March 26, 2025

    A Dozen New Defendants Charged in Alleged RICO Conspiracy Tied to $263,000,000 Crypto Theft – The Every day Hodl

    May 17, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.