Authorized cryptocurrency miners in Iran have been allowed to resume operations after fuel supply to electricity power plants returned to normal, a spokesperson for Distribution and Transmission Company (Tavanir) said.
Iran’s Power Generation, Distribution and Transmission Company (Tavanir) has shut 1,100 unlicensed crypto mining farms for illegally using subsidized electricity.
After years of mulling how to regulate the digital currency mining, the Iranian government has finally recognised it as an industrial activity. Its rules and regulations say how much electricity can the miners use.
The Iranian government’s economic commission approved on Sunday a mechanism for digital coin mining as Iran rushes to bring in line with internal laws the growing mining farms in the country.