TEHRAN, Iran, July 7
Trend:
The CEO of Iran's Power Generation and Distribution Company (TAVANIR) Mohammad Hassan Motevalizadeh has announced a $2300 award to those who can reveal the illegal cryptocurrency miners, Trend reports via IRNA.
Previously, TAVANIR has allocated some 400 MW to cryptocurrency miners officially.
According to Iranian media outlets, Iran's Vice President Eshaq Jahangiri announced on July 6 that the country’s cryptocurrency miners will soon have to register their activity through a government structure.
Under the directive, miners will have to disclose their identities, the size of their mining farms and their mining equipment type with the Ministry of Industry, Mines and Trade.
The miners will have a month to register their equipment, according to the Ministry, which will then publish a list of licensed mining centers.
Jahangiri’s announcement is the latest in Iran’s cat-and-mouse game with the country’s illegal crypto miners, who sometimes smuggle equipment and get caught.
Officials said on Monday that they want to “eliminate the confusion of cryptocurrency activists” with the new directive.