With the upcoming summer, Iranian authorities have decided to halt crypto mining in the country… again.
The Middle Eastern nation has gone against licensed crypto miners and will shut down all 118 legal ones in two days, according to a recent report. The country’s authorities have already done something similar in the past, citing the growing electricity demand during the summer.
- In an interview with a state-owned TV, reported by Bloomberg, Mostafa Rajabi Mashhadi, a spokesman for Iran’s power industry, said the nation will stop providing electricity to all 118 licensed mining operators starting from June 22.
- As it happened last year, the authorities justified their decision with the growing demand for electricity as summer comes. Mashhadi highlighted a large number of power shortages in the past few weeks as the demand had surpassed 60,000 megawatts.
ANKARA (Reuters) – Turkey said on Monday its former economy minister, indicted in the United States for conspiring to violate U.S. sanctions on Iran, acted within international law and that charges against him amounted to a coup attempt through American courts.
Former minister Zafer Caglayan “has protected Turkey’s interests as Turkish economy minister, and has acted within the laws of our country and international laws while doing that,” government spokesman Bekir Bozdag said.
The charges against Caglayan were “a repetition of the December FETO coup attempt … through the American judiciary”, Bozdag said, referring to 2013 leaks about alleged government corruption which were blamed on President Tayyip Erdogan’s opponents.
Caglayan and the ex-head of a state-owned Turkish bank were charged on Wednesday with conspiring to violate U.S. sanctions on Iran by illegally moving hundreds of millions of dollars through the U.S. financial system on Tehran’s behalf.
Read Full – https://www.reuters.com/article/us-usa-turkey-spokesman/turkey-says-u-s-indictment-of-former-minister-amounts-to-coup-attempt-idUSKCN1BM24A