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Iran to lift bitcoin mining ban in September 2021 as it reverts electricity preservation policy

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The Iran Power Generation, Distribution and Transmission Company (Tavanir) said the ban on cryptocurrency mining imposed by the Ministry of Industries, Mining and Trade will be lifted on Sept 22.

Mostafa Rajabi Mashhadi, the spokesman for the top utility, told ISNA the company hopes power consumption will decline by the end of summer creating the conditions for the operation of legal digital currency miners.

Back in June, the country’s trade ministry awarded 30 crypto mining licenses as authorities in Iran continue to push for regulated cryptocurrency mining operations.

Also in June, the police in Tehran reportedly confiscated over 7,000 rigs from illegal mining operations across the city.

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