Iran’s Temporary Ban on Crypto Mining to be Lifted on September 22

According to the Financial Tribune, the temporary ban on cryptocurrency mining introduced by Iran's Ministry of Industry, Mining and Trade earlier this year will be lifted on September 22. Tavanir, Iran's power generation, distribution and transmission company, announced this important news. Tavanir spokesman Mostafa Rajabi Mashhadi said that electricity consumption across Iran is expected to drop before the end of summer. He pointed out that the reduction in electricity demand when the temperature begins to drop will create conditions for the restart of legal digital currency miners.
It is understood that Iran recognized cryptocurrency mining as a legal industrial activity in July 2019, and mining companies must obtain permission from the Ministry of Industry. However, in response to power shortages this summer, then-Iranian President Hassan Rouhani announced temporary restrictive measures on cryptocurrency mining in May this year. (Bitcoin.com)