Iran expected to lift Bitcoin mining ban next month

Iran expected to lift Bitcoin mining ban next month

Business
August 24, 2021 by J.D. Smith
103
Iran, which imposed a temporary ban on Bitcoin mining a few months ago, is expected to lift the prohibition next month, according to local media reports. Fast facts The Iran Power Generation, Distribution and Transmission Company told the state-run ISNA that the ban will be lifted on Sept. 22, local English media Financial Tribune reported.
Timmy-Shen-150x150-5

Iran, which imposed a temporary ban on Bitcoin mining a few months ago, is expected to lift the prohibition next month, according to local media reports.

Fast facts

  • The Iran Power Generation, Distribution and Transmission Company told the state-run ISNA that the ban will be lifted on Sept. 22, local English media Financial Tribune reported.
  • Last month, Iran News Wire reported that some Iranians had taken to the streets in several cities, including Tehran, to protest against the blackouts.
  • Iran took up 4.64% of the global Bitcoin mining average hashrate in April, before it imposed the ban, according to data from the Cambridge Centre for Alternative Finance.

THE CURRENT FORKAST

Newsletter

Sign up to receive weekly insights on blockchain & crypto in Asia.