Iran, as a country with relatively cheap electricity, is raising attention over China's ban on crypto mining, which could cause illegal miners to enter the country.
One of the first to draw attention to these possible problems with illegal Chinese miners and to want to fight them is the general director of the Iranian organization for management of electric power generation and transmission.
Tavanir CEO Mohammad Hussein Motevallizadeh warned this through an official letter he sent to the Central Taskforce to Combat Smuggling of Goods and Foreign Currency, arguing that Iran could be an attractive place for Chinese miners.
Lower electricity costs make Iran attractive to Chinese miners. They are likely to start smuggling mining equipment into the country, it is written in a letter published by Eghtesadnews
The letter, which was reproduced in English language by the Financial Tribune, is also calling for strict controls to thwart any efforts by Chinese miners to smuggle mining equipment illegally and redirect their activities into the country.
Let us also recall the intervention of the Iranian police last month, which revealed an illegal farm with 7,000 mining machines, which were immediately confiscated.
