Media: Iran’s strict regulations have led miners to move abroad, and non-profit organizations are trying to lobby reforms through parliaments and other entities.

According to foreign media reports recently, the cryptocurrency mining regulations recently approved by the Iranian government are so strict that it seems to be forcing large miners to transfer their business abroad. A few days after the Iranian cabinet implemented a set of cryptocurrency mining regulations on August 4, 2019, there were reports of miners packing up and moving. Russia, Georgia, Kazakhstan, Armenia, and even Iraq are the preferred destinations that are considered more suitable for cryptocurrency mining by professional Iranian miners. Sepehr Mohammadi, head of the Iranian blockchain community (IBC), a non-profit organization, said, “We welcome the government to take measures to regulate and recognize that cryptocurrency mining is an industry, but energy prices are never economic or competitive, and will only lead to capital flight. ""