Iran announces handsome rewards to those who help the government in exposing illegal cryptocurrency mining operations conducted in the country. Iran has so far been a hot favorite destination for cryptocurrency miners, primarily due to its cheap electricity rates and favorable government regulations. In July, the government officially recognized cryptocurrency mining as a licensed industry within its borders. However, in spite of significant government backing, which includes financial incentives to those who wish to set up their own power plants and an additional feed from the national network in case renewable sources are unable to meet the needs, illegal cryptocurrency