Tag: illegal crypto mining

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Kazakhstan ramps up power consumption reporting requirements for crypto miners

May 5, 2022

Cryptocurrency mining companies will be required to submit comprehensive information about their operations as the country tries to reign in electricity consumption. The government of Kazakhstan has laid out new reporting requirements for cryptocurrency mining operators with a keen eye on how the industry’s energy usage affects the local power grid. The order published by…
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Iran to Increase Penalties for Unauthorized Cryptocurrency Mining

April 19, 2022

Iran has drafted new rules to increase penalties for illegal cryptocurrency mining in the country, including additional fines and imprisonment. “Any use of subsidized electricity intended for households, industrial, agricultural, and commercial subscribers for mining cryptocurrency is prohibited.” New Penalties for Illegal Cryptocurrency Mining in Iran An official with Iran’s Power Generation, Distribution, and Transmission…
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