Iran Enlists Its Intelligence Agency to Crack Down on Illegal Crypto Mining
The Iranian government is attempting to trace illegal crypto-mining operations to reduce the strain on the country’s electricity supply.
Geo-fencing and other user restrictions are like “no access” signs around platforms and protocols that were built for financial inclusion.
Tehran's province, which houses the country's capital and center of political power, has received only one license.
The next wave of crypto adoption in the region is likely to come from citizens in unstable autocracies or those facing crushing inflation in countries like Iran and Lebanon.
Hassan Rouhani talked about regulating cryptocurrencies during a meeting on consumer prices.
Even authorized miners will have to halt operations until late September.