Iran to Lift Bitcoin Mining Ban in September
Word is now that Bitcoin miners may resume in September after the extremely hot summer months pass-by
Iran to lift Bitcoin mining ban in September
“Iran will once again allow Bitcoin and crypto miners to operate in the country from the last week of September.
According to a report by Iran’s Financial Tribune, Tavanir, the country’s power generation organization, made the decision known earlier in August.
As previously reported by Cointelegraph, Iran’s government banned Bitcoin (BTC) and crypto mining operations back in May. At the time, the decision was reportedly made to prevent miners from overburdening the grid during the hot summer months.
Indeed, Bitcoin miners have been blamed for incessant blackouts and power shortages in Iran. Such has been the extent of the problem that Iran reportedly paused electricity exports to neighboring Afghanistan.”