Iranian electricity generation, distribution and delivery company Tavanir has once again issued a temporary ban on mining cryptocurrencies for licensed mining companies.
According to the Financial Tribune, the ban is connected, as before, with the need to save energy. Electricity consumption in Iran rises in winter, and in order to keep the supply of energy stable, it is necessary to reduce its consumption. Miners are the first to be banned.
“The Department of Energy has taken measures since last month to reduce the use of liquid fuels in power plants, including a ban on the supply of electricity to licensed mining farms,” ​​said Tavanir spokesman Mostafa Rajabi Mashhadi in an interview on the local IRIB channel. …
It is quite difficult to operate a legal mining farm in Iran – due to the lack of electricity, bans on mining in the country are often issued for a long period of time. So, in May of this year, Iranian President Hassan Rouhani approved a ban on cryptocurrency mining until September 22. The ban was lifted even later – on September 30.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
