Iran To Lift Bitcoin Mining Ban In September

The Ministry of Industries, Mining, and Trade will soon lift the restrictions on bitcoin mining imposed in May, reported the Financial Tribune. According to the Iran Power Generation, Distribution, and Transmission Company (Tavanir), miners in the country will reboot their rigs starting on September 22.

Tavanir spokesman Mostafa Rajabi Mashhadi reportedly said the company expects overall power consumption in Iran to decline by the end of the summer. In that case, the bitcoin mining ban effected in May by the government would be lifted for regulated companies utilizing the national power grid to mine bitcoin.



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