TEHRAN, Iran, April 27. The Iranian parliament seeks to propose a bill that would require the government to organize all earnings generated from mining, buying, and selling cryptocurrencies, the head of the parliament energy commission Parviz Mohamad Nejad told Trend.
"Iran's Power Generation, Distribution, and Transmission Company (TAVANIR) statistics show that cryptocurrency miners used 2,000 megawatts in the last Iranian year(started March 21, 2021), estimated to be the cause of 8 percent increase in the country's power consumption in winter," he said.
He pointed out that miners' high electricity consumption will create a serious electricity shortage in summer.
According to the MP, the parliament has negotiated with the National Security Council to collect 1,200 illegal mining machines, but the number of miners is expected to grow in the current Iranian year.
Mohammad-Nejad went on to say that parliament has issued primarily permits for 3,650 miners but only 27 have abided by parliament's tax control scheme and obtained a working license.
The MP has stressed that the country will face a 14,000 megawatts power shortage in the current year.
According to the official, the parliament is seeking to obligate the government to organize cryptocurrency incomes otherwise MPs will confront the further minings.
The Iranian lawmakers prepared a bill last year that would set new rules and regulations on the use of cryptocurrencies, including plans to develop a national cryptocurrency.
The proposed legislation authorizes the ministry of industries, mines, and commerce to supervise cryptocurrency mining. The ministry would license, supervise and support companies mining international cryptocurrencies aiming at raising $500 million in cryptocurrency for the state in the next Iranian calendar year (starting March 21, 2022) and increase this by 10 percent a year.