Iran lifts temporary ban on cryptocurrency mining on September 22

On August 22, it was announced on the 22nd that the temporary ban on cryptocurrency mining used by the Iranian Ministry of Industry, Mines, Trade and Industry before this year will be lifted on the 22nd. September. Tavanir, the Iranian electricity company, distributor and exporter, announces this important news. Tavanir spokesman Mostafa Rajabi Mashhadi said electricity prices in Iran are expected to drop before the end of the summer. He pointed out that if the demand for electricity decreases as the temperature begins to drop, events will be created for legal digital currency mining to resume. Iran recognized cryptocurrency mining as a legal industry in July 2019, and mining companies must obtain permission from the Ministry of Industry. However, in response to the lack of energy this summer, Iranian President Hassan Rouhani then announced a temporary ban on cryptocurrency mining in May this year. (Bitcoin.com)