Iran’s Vice President Requires Miners in the Country to Register and Will Release a List of Licensed Mining Centers

According to BlockBeats, Iranian Vice President Eshaq Jahangiri announced on July 6 local time that the country's cryptocurrency miners will need to register with the government so that the authorities can understand the miners. According to the directive, miners must disclose their identities, mine sizes and mining equipment types to the authorities. Miners will have one month to register, and then the authorities will publish a list of mining centers that can obtain licenses.

Iranian officials said they hoped to "clear the confusion among cryptocurrency activists" with the new directive. Much of this confusion is of Iran's own making: conflicting mining policies, tariffs and laws have kept miners in a gray area for years. In April, Iranian miners provided 4% of the total Bitcoin network computing power.

However, according to the law, the directive does not specify the possible penalties for failure to register. However, based on past cases, illegal Bitcoin miners usually face imprisonment and heavy fines.

Original URL: https://www.coindesk.com/iran-cryprocurrency-mining-registration