Its top executive explained the agency was obliged to do that by courts in the Islamic Republic, where unlicensed miners have been blamed for power shortages.Iran’s Organization for Collection and Sale of State-Owned Property has started to return to miners some of the mining devices seized in raids on underground crypto farms. It was ordered to do so by Iranian courts, the English-language business daily Financial Tribune reported.
Currently, some 150,000 [units of] crypto mining equipment are held by the OCSSOP, a large part of which will be released following judicial rulings. Machines have already been returned. Companies that want to mine legally are required to obtain licenses and import permits from the Ministry of Industries, Mining and Trade. The devices must be approved by the Iran Standard Organization and miners are required to pay for electricity at export rates.
In the past couple of years, the state-run Tavanir has been cutting power supply to any identified illegal mining facilities, confiscating their equipment and fining their operators for damages to the national distribution network.
Good news!🎉 Decentralized, trustless payments are gaining more recognition worldwide. DeFi is expanding 📈 and crypto is becoming more mainstream 🌐. Imagine what the future holds 🤔
Big news.
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Nice
Anything would help🙏🏻
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