Registration System Implemented for Crypto Miners1 min read

Crypto Miners

The registration system was applied for cryptocurrency miners in Iran. Miners now have the last 1 month to get a license.

Crypto miners will license

Cryptocurrency mining, which happens unlicensed and unregistered, can leave countries in a difficult situation. Countries are in a difficult situation due to the absence of an economic data related to these activities and the higher consumption of electrical energy.

Iran is implementing a new licensing system to prevent these problems. Cryptocurrency miners in Iran are now required to obtain licenses for these activities. It is announced that the last 1 month of the miners is left for the records to be made by the Industry, Trade and Mining ministries in the country.

In the records, information such as the equipment used by the relevant people in mining, their identity and the size of the systems they install is expected to be reported. Iran aims to prevent illegal activities in the country with this licensing method.

We will see together how this application of Iran, which plays an active role especially in Bitcoin mining, will affect the mining activities in the country. Other countries may start a similar practice.

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