Iran Lifts Ban on Crypto Mining
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Iran's government has just lifted the ban on cryptocurrency mining and allowed licensed miners to resume their activity, Iran International has reported.

Iran imposed a series of restrictions on cryptocurrency mining in May due to power shortages caused by increased consumption in other sectors and dry weather. On some days, the air temperature in the country reached above 50 °C.

According to Iran International, Iran is likely to temporarily ban cryptocurrency mining again in winter "due to lack of electricity amid lack of investment in the sector."

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According to Elliptic analysts, Iran accounts for 4.5% of all Bitcoin mining. Cryptos allow the country to circumvent international sanctions and buy imported goods.

The Iranian Ministry of Industry has previously issued 30 licenses to companies related to crypto mining.

In January, the Iranian authorities shut down 1,620 illegal mining centers, which together consumed 250 MW of energy.

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