Iran Escalates Crackdown on Illegal Crypto Mining Amid Severe Power Crisis

Quick Summary:

Iran is aggressively cracking down on illegal cryptocurrency mining as the nation faces a severe power crisis exacerbated by an intense heatwave.

Iranian authorities claim that unauthorized crypto mining has significantly strained Iran’s power grid, leading to widespread industrial disruptions.

A bounty program has been launched to encourage citizens to report illegal mining operations.

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Article Details

Author / Journalist: Kevin Helms

Category: Crypto

Markets: Japan

Topics: Power Crypto Mostafa Rajabi Mashhadi Iran Illegal Crisis Electricity Crackdown Bounty Cryptocurrency Heatwave Tavanir Bitcoin Mining Mining

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 01:30:56 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 22092355

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 16 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #62

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