Iran Cracks Down on Illegal Cryptocurrency Mining Operations

Iran has launched a major crackdown on illegal cryptocurrency mining operations, seizing hundreds of devices and imposing substantial penalties. Over 1,465 mining rigs were confiscated in Tehran province alone, impacting power consumption equivalent to 10,000 households. The Iranian government, led by the Central Bank of Iran (CBI), aims to address the energy strain and economic burden caused by unlicensed miners on the national grid.