Iran has recently cracked down on crypto-mining activities in the country. But why has the government decided to offer bounties for information on illegal mining operations now?
The crackdown on crypto-mining in Iran comes as a response to the increased strain on the country’s power grid due to the high energy consumption of mining operations. The government has been forced to impose strict regulations on miners in order to prevent further strain on the already struggling power grid.
To further enforce these regulations, the Iranian government has announced bounties for individuals who provide information on illegal crypto-mining activities. This move is aimed at cracking down on unauthorized mining operations that are contributing to the energy crisis in the country.
By offering bounties, the government hopes to incentivize citizens to report any illegal mining activities they come across. This will help authorities identify and shut down unauthorized mining operations, ultimately helping to alleviate the strain on the power grid.
Overall, Iran’s decision to offer bounties for information on illegal crypto-mining activities is a strategic move to address the energy crisis and regulate the crypto-mining industry in the country.