OUTCRY OVER POWER OUTAGES, SMOG FORCES IRAN TO ACT AGAINST BITCOIN MINERS

On 17 January, Rferl reported that Iranian authorities are blaming power outages and worsening air pollution in cities across the country on the energy drain caused by bitcoin mining operations.  In August 2019, facing strangling US economic sanctions, Iran eased its restrictions on cryptocurrencies in an attempt to break economic isolation by circumventing the traditional financial markets Tehran has been blocked from using.  Iranian authorities admit that thousands of “illegal” cryptocurrency farms also have sprouted up across the country.

https://www.rferl.org/a/iran-smog-bitcoin-mining/31049437.html

If you would like to make a (polite) gesture and make a (very) modest contribution to my ongoing with my relocation, removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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