Iranian authorities discover crypto mining equipment at Tehran Stock Exchange, CEO resigns

According to Cointelegraph on September 30, Iranian authorities discovered cryptocurrency mining equipment in the basement of the Tehran Stock Exchange building during a surprise inspection. Initially, the exchange denied the existence of mining machines, saying that the equipment was part of a research project. Executive Vice Director Beheshti Sarsht later stated that the company should be held responsible for its actions. Currently, its CEO Ali Sahraee has resigned and Vice President of Marketing Mahmoud Goudarzi will lead the company.

Earlier news, Iran’s president announced in May that cryptocurrency mining projects would be banned this summer to reduce demand on the country’s power grid. As of now, the activity is still illegal.