The chief executive officer of the Tehran Stock Exchange since 2018 , has resigned after the discovery of cryptocurrency mining rigs in the building.
According to a report from the country’s state-run media Tehran Stock Exchange, market vice president will be leading the company following the departure OF THE CEO. The change in leadership seems to be the result of “a number of miners” being discovered in the basement of the TSE building.
The TSE initially denied the existence of the miners, saying the equipment was part of a research project. However, executive deputy director Beheshti-Sarsht later said the company should be held accountable for its actions.
Iranian President announced in May that Bitcoin and cryptocurrency mining would be prohibited over the summer in an attempt to reduce demands on the country’s power grid. It’s unclear when authorities discovered the mining rigs during a sudden inspection of the TSE basement, but the activity was seemingly still illegal until the last week of September.
During the ban, authorities conducted many raids on crypto miners , seizing illegally operating miners and fining households responsible for generating blocks. However, the majority of the raids were focused on abandoned factories, homes, and small businesses.
