Iranian police have identified an illegal mining farm and seized 7,000 cryptocurrency mining devices. This is reported by Reuters, citing local sources.
According to Tehran Police Chief Hossein Rahimi, the mining equipment was located in an abandoned factory in the western part of the country’s capital.
According to Elliptic, Iran accounts for 4.5% of all bitcoin mining. Cryptocurrency allows a country to bypass sanctions and buy imported goods.
In May, the media reported on an alleged ban on the mining of digital assets in Iran until the end of summer 2021.
In January, the country’s authorities shut down 1,620 illegal mining centers that collectively consumed 250 MW of power.
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