Iranian President Hassan Rouhani announced this on Iranian television, Bloomberg writes. According to the headstates, about 85% of miners work onthe territory of Iran without a license. The ban on the mining of digital assets was passed in connection with the peak season of the load on the electrical grids. Several large cities have already experienced power outages amid rising electricity consumption and droughts, which are causing hydroelectric power plants to not operate at full capacity.
On May 24, it became known that the miners beganto leave China due to calls from local authorities to tighten regulation of cryptocurrency mining and trading. The work has already been suspended by two large miners BTC.TOP and HashCow, and two crypto exchanges Bybit and Huobi will stop serving customers from China.
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Iranian authorities issued over a thousand mining licenses
Iranian government issues over 1000 cryptocurrency mining licenses
Iranian authorities will pay for the denunciation of illegal mining
Iranian authorities allow local power plants to mine bitcoin
Iranian authorities shut down more than 1,000 mining farms on tips from informants
Mining will become the main source of budget revenue for Iran