North Korea has relied on cyberattacks to fund an upgrade to its nuclear weapons and ballistic missiles arsenal, UN experts have reported.
The shutdowns started when Iran recognized mining as a legitimate industry, surging in December 2020 when most digital currencies recorded huge price spikes.
The Central bank of Iran and the Iranian Ministry of Energy have amended a law that allows cryptocurrency to be used to fund imports.
Iran’s Thermal Power Plant Holding Company it will be offering power to block reward miners from three of its power plants.
Power plants in Iran can start engaging in block reward mining activities, but only if they don’t use subsidized fuel.
Iran has rolled out a government decree designed to tighten its control over the block reward mining industry and stamp out illegal operators.
The Iranian government is going to revisit its current framework around the transaction processing industry and adjust as they see fit.
Iran has clamped down on the digital currency industry even further, with new laws requiring that all digital currency exchanges be licensed by the central bank.
iMiner will invest $7.3 million in setting up the facility, where 6,000 machines are expected to generate 96,000 TH/s of computing power.