6.500 billion tomans investment in the country’s digital currency mining industry is at risk of destruction; The rescue of legal mining depends on the implementation of the duties of government agencies

Activists of the country’s digital currency mining industry warned in a meeting that the 6,500 billion Tomans investment made in this sector is in danger of destruction due to the non-implementation of the government’s approvals regarding legal mining by the devices.

According to Aruzdigital, a press meeting of the country’s digital currency mining industry activists was held with the aim of explaining the challenges and problems of this industry. In this meeting, mining activists criticized the legal challenges and contradictions in the field of mining by the government and parliament and unreasonable tariffs for this industry, and considered the continuation of the existing conditions to be the exit of capital from the country and the entry of legal miners into illegal mining fields inside the country. .

At the beginning of this meeting, Ali Babaknia read the association’s statement about mining industry issues. In the text of this statement, it is stated that during the four years that have passed since the legalization of the mining industry in the country, about 665 units have been built, of which 200 units have been put into operation.

Also, according to this statement, the 12th and 13th governments have approved a total of five resolutions for this industry, which has had no result other than stopping the growth of this field and the gradual death of this industry. It is estimated that about 6,500 billion Tomans of investment in this area is in danger of destruction.

This statement explains the demands of the activists as follows:

The clear and specific demand of us activists is to get out of the existing conditions and save the mining industry in the short term, to carry out as soon as possible the tasks specified for the ministries and agencies in the past approvals, which have not been notified and implemented after years of delay.

The creation of infrastructure for the supply of mined crypto-assets and the development of guidelines for the conditions for clearing the foreign exchange obligation are among the things that the activists of the mining industry have mentioned in their statement. Because according to the text of the statement, there is no mechanism for using the mined cryptocurrency, and as a result of the conditions, it is not possible to use tax incentives for the industrialists, which exposes them to the risk of paying heavy taxes.

The challenges that exist in the field of cryptocurrency mining in the country have had significant negative consequences, one of the most serious of which is the increase in the amount of illegal mining in the country. Issa Salehian, one of the activists in the field of cryptocurrency mining, announced in this regard:

A number of legal mining devices have entered the field of illegal mining because legal mining with existing restrictions is no longer attractive to investors. These illegal extractions also ground the country’s electricity grid.

This statement also referred to resolutions such as “determining and promulgating the regulation of incentives for large-scale extraction centers with the aim of reducing illegal extraction in the country” and “geographical zoning and determining the location of extraction centers”, which have not yet been implemented after a year has passed since their approval and notification. .

In the final part of this statement, there is a warning about the consequences of continuing the existing conditions:

We warn those who are bent on the destruction of this industry in the country, keep in mind that shutting down the legal and transparent part of this field will not stop mining in the country, but will provide the development of the underground sector and the subsequent jump in the price of cryptocurrencies, which is very We are close, it will put pressure on the country’s network again.