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.
- 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.
- Iran imposed the four-month ban in May, with all licensed crypto miners urged to stop operating as the country continued to suffer power outages.
- 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.