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Iranian government targets cryptominers amid bitcoin rally

By bne correspondent in Tehran Iran Power Generation, Transmission, and Distribution Company (Tavanir) have launched an initiative to tackle unauthorised crypto mining amid the surge in cryptocurrency values and foreign exchange rates, as reported by Barghnews on February 12. News of the push to seize cryptominers comes amid large gains in bitcoin and other cryptocurrencies in recent weeks, with BTC hitting $50,000 on February 12 with estimates it could rally above $120,000 by April in global markets. Hamid Pirpirian, Tavanir’s deputy director, has instructed regional offices to establish work…