20 July 2026
Iran lifts Crypto Mining Ban to Boost Its Economy
After three months, the Iranian government has lifted the temporary ban on Crypto Mining in the country led by ex-President Hassan Rouhani.
The ex-president had ordered the moratorium as Crypto Miners in Iran were partially blamed for blackouts in Tehran and other Iranian cities. Iran accounts for about seven per cent of world Cryptocurrency Mining by powerful Supercomputers, which consumes a lot of electricity.
Last month, the Government of Iran had announced that the restrictions on Bitcoin mining would be lifted. As per the Iran Power Generation, Distribution, and Transmission Company (Tavanir), miners in the country will reboot their rigs starting on September 22. Now that the government has dismissed the ban, Bitcoin miners will be able to resume their operations following the electricity preservation policy.
In May, Hassan Rouhani-led government banned Bitcoin (BTC) mining operations to prevent miners from overburdening the electricity grid in the country. Miners were blamed for the constant blackout and power shortage experienced in Iran. It led Iran to also stop electricity export to neighbouring Afghanistan. The moratorium was necessary as 85 per cent of all Cryptocurrency mining operations in Iran were illegal. However, as the ban has been lifted, only authorized miners can resume operations. This is because illegal Crypto mining operations can again set the country back to power shortages and regular blackouts.
Iran is one of the Crypto-friendly countries and has legalized Bitcoin mining since 2020, with over 1,000 licenses issued in January 2020. The Iranian government appears keen on localizing its Crypto mining sector, with parliament even considering a bill to ban the use of “foreign-mined” Cryptocurrencies for payments.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.
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