Iran to lift Bitcoin mining ban in September
From cointelegraph.com
2021-08-23 11:40:35
Cointelegraph By Osato Avan-Nomayo
Excerpt:
Iran will once again allow Bitcoin and crypto miners to operate in the country from the last week of September.
According to a report by Iran’s Financial Tribune, Tavanir, the country’s power generation organization, made the decision known earlier in August.
As previously reported by Cointelegraph, Iran’s government banned Bitcoin (BTC) and crypto mining operations back in May. At the time, the decision was reportedly made to prevent miners from overburdening the grid during the hot summer months.
Indeed, Bitcoin miners have been blamed for incessant blackouts and power shortages in Iran. Such has been the extent of the problem that Iran reportedly paused electricity exports to neighboring Afghanistan.
In April, Chinese investors restarted the country’s largest Bitcoin mining center after being out of service for four months due to complaints about excessive electricity consumption.
However, illegal crypto mining operations are reportedly the reason for the significant strain…
About Author
