Iranian Authorities Lift Temporary Ban on Cryptocurrency Mining

If you regularly read LATOKEN reviews, tutorials, tips, you probably know that we also share crypto news. LATOKEN does this because it cares about its users, crypto traders, and all crypto enthusiasts worldwide. We want to keep everyone informed it is an essential step if you are trading or even just interested in cryptocurrency. So, today we want to share the latest news about the Iranian authorities, which lifted the temporary ban on cryptocurrency mining.

Licensed digital asset miners will be able to resume operations after a four-month break.

Iranian authorities have allowed licensed miners to resume work, Iran International reported. A temporary ban on the mining of cryptocurrencies in Iran was introduced at the end of May.

The ban was introduced in connection with the peak season of the load on the electrical networks. Several large cities experienced power outages amid rising electricity consumption and droughts that were keeping hydroelectric plants under-operating. Also, in May, Iranian President Hassan Rouhani said that about 85% of miners work in the country without a license.

On September 30, it became known that the director of the Tehran Stock Exchange, Ali Sahrai, resigned after an illegal cryptocurrency mining farm was discovered in the basement of the exchange.

If you want to learn more about the most promising tokens through LATOKEN Review, crypto new, etc., follow us on Medium, LATOKEN Blog, or LATOKEN VCTV channels.

About LATOKEN

  • Ranked #2 worldwide in the startup tokens primary market with 220+ IEO’s since 2017.
  • Has over 2 mln registered users, over 1 mln Android app installs.
  • Is in the TOP 10 of CoinGecko rank by the amount of token pairs and coins listed.
  • VCTV, a live streaming panel with high-profile industry leaders, produced over 500 shows to advise traders and investors how to navigate the crypto world with discussions, news updates, and interviews.
  • Advisory Board includes former CFOs from JP Morgan and Paypal.

Follow LATOKEN on social media to keep up with the latest news, and more!👇

Website

Twitter

Facebook

YouTube

Instagram

LinkedIn

Telegram Announcements

LATOKEN crypto exchange does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like other assets, cryptocurrency is subject to market risk. Please do your own research and trade with caution.

--

--

--

#1 cryptocurrency exchange in liquidity for new digital assets and the leading platform for compliant multi-asset tokenization. http://go.latoken.com/start

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

List of Exchanges to buy $VRA from

How to Choose a Crypto Exchange? LATOKEN Review

How User Friendly Terra Luna DeFi Ecosystem is Today?

CRYPTO — WILL THE INTERNET BLOW UP?

Fed uncertainty brings BTC and ETH market down by 6%

Fed uncertainty brings BTC and ETH market down by 6%

Introducing Sonce — Bridging real-world assets to DeFi

What is Comdex?

TRIO Network

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
LATOKEN

LATOKEN

#1 cryptocurrency exchange in liquidity for new digital assets and the leading platform for compliant multi-asset tokenization. http://go.latoken.com/start

More from Medium

Risks and Disadvantages of Cryptocurrency- 2022:

M-coin is all set for Exchange Listings on 31st January 2022

THE WEB3 PROJECT’S TOKENOMICS AND ALLOCATION

The Quarashi P2P Network is one of the best places to transfer cryptocurrencies.