Iran grants licenses to 30 Bitcoin Bitcoin mining corporations

Despite the ban on Bitcoin mining as a consequence of an absence of power in the course of the summer time, the Iranian Ministry of Industry, Mines and Trade has exempted quite a lot of Bitcoin mining “farms” throughout the nation from mining. cryptocurrency. Among them, the province of Tehran, the place the capital and the political heart is situated, acquired just one license.

According to a report by Financial Tribune On June 23, the Iranian Ministry of Industry, Mines and Trade gave the inexperienced mild to 30 cryptocurrency mining corporations throughout the nation to function.

Semnan province acquired six permits, whereas Alborz province, which borders the capital, acquired 4. The provinces of Mazandaran, East Azarbaijan and Zanjan additionally acquired 4 permits. Meanwhile, the province of Tehran, which is the capital and political heart of Iran, has solely acquired a single license to mine cryptocurrencies.

Earlier, in May 2021, President Hassan Rouhani introduced that cryptocurrency mining operations have to be stopped till September 22. The cause is that the load they placed on the nationwide grid is just too massive, which may result in extreme power shortages, particularly throughout extraordinarily scorching summers.

Also in May 2021, the Central Bank of Iran issued a trading ban on some cryptocurrencies. These are believed to be cryptocurrencies that must be mined exterior the nation. The transfer is an try to stem capital outflows past Iran’s borders.

Currently, the crackdown on mining of Bitcoin and different cryptocurrencies is being carried out extraordinarily rigorously by Iran. In simply 7 days, Iranian authorities seized greater than 3,000 Bitcoin miners. More lately, the Iranian police continued to confiscate one other 7,000 Bitcoin miners from unlawful mining corporations.

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