• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, June 21, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Iranian authorities seized nearly 10,000 crypto mining devices since March

by Reshab Agarwal
August 25, 2022
in Crypto, Mining, News
Reading Time: 2 mins read
0
Iran Uses Crypto Mining To Reduce Its Impact Of Sanctions.
TwitterWhatsappLinkedin

Iranian authorities seized nearly 10,000 crypto mining devices in the last few months. According to various sources, the official authorities have now stopped many huge cryptocurrency mining groups operating in different public places and receiving access to affordable electricity, like mosques or schools.

You might also like

British F-35B Jet Stranded in Thiruvananthapuram After Emergency Landing

Trump Nominated by Pakistan for 2026 Nobel Peace Prize Over India-Pakistan Peace Efforts

Weekly Business News: Everything from Starlink’s India entry to Ecom Express Acquisition

Iran seized more than 9000 crypto mining devices.

On Monday, Mr. Nazerian, head of TED, said that Iran’s officials had found as well as seized thousands of illegal crypto mining tools in the last few months.

He explained that the inspectors found those mining tools in several parts of Tehran. Iranian authorities have also been announcing the discoveries of these illegal tools in different districts of their country’s capital regularly over a couple of years.

Iranian authorities seized nearly 10,000 crypto mining devices
Image Source: Bitcoin News

He also said that most crypto mining operations took place in several public locations like mosques or schools, which received accessible or affordable electricity. This allowed the operators to enjoy a lot of profits as they basically had zero operational expenses.

The President of Iran’s Trade Promotion Organization (TPO) recently announced the worth of the first import order, which they successfully placed by paying with cryptocurrencies. It was around 10 million USD. He also added that in the upcoming months, the smart contract and the cryptocurrencies would get widespread in foreign trades as a means of payment options, which would be a great thing for the market. So, it is not as if the country is against the crypto industry.

Cryptocurrency in Iran

Alireza Managhebi recently said that a good and stable framework for different cryptocurrencies should be built in their country to use cryptocurrencies as a means of payment for imports successfully and safely.

On the other hand, Mr. Salehabadi recently said that the sale, purchase, or investment in any cryptocurrency had been banned in their country. Iran’s MOI also released a statement in the previous month which stated that it had blocked more than 9,000 bank accounts that belonged to more than 500 individuals because of some suspicious foreign currency as well as transactions. It has been another big blow to the market, pushing people to use illegal methods to mine cryptocurrency nowadays in Iran.


What are your thoughts as Iranian authorities seized nearly 10,000 crypto mining devices? Will it increase the use of illegal crypto mining tools in the country? Let us know in the comments below. And, if you found our content informative, share it with your family and friends.

Also Read: Is the legend John McAfee still alive? His ex-girlfriend claims so! 

Tags: #seizedDevicesIranMining
Tweet54SendShare15
Previous Post

Blockchain Development Market Remains Strong Throughout 2022

Next Post

DBS claimed that it significantly benefited from the crypto market sell-off

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

British F-35B Jet Stranded in Thiruvananthapuram After Emergency Landing

by Rounak Majumdar
June 21, 2025
0
British F-35B Jet Stranded in Thiruvananthapuram After Emergency Landing

A British Royal Navy F-35B stealth fighter jet remains grounded at Thiruvananthapuram International Airport, Kerala, days after it was forced to make an emergency landing due to a...

Read more

Trump Nominated by Pakistan for 2026 Nobel Peace Prize Over India-Pakistan Peace Efforts

by Rounak Majumdar
June 21, 2025
0
Trump Nominated by Pakistan for 2026 Nobel Peace Prize Over India-Pakistan Peace Efforts

Pakistan has made international headlines by formally nominating former US President Donald Trump for the 2026 Nobel Peace Prize, crediting his role in de-escalating the recent conflict between...

Read more

Weekly Business News: Everything from Starlink’s India entry to Ecom Express Acquisition

by Ishaan Negi
June 21, 2025
0
Weekly Business News: Top business updates in this week

India’s rapidly evolving business and tech landscape is witnessing a week of dramatic turns—from legal battles and leadership pivots to billion-dollar investments and policy wins. From baby brands...

Read more
Next Post
DBS bank sees 80% jump in bitcoin trading volume on their exchange

DBS claimed that it significantly benefited from the crypto market sell-off

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?