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

LATOKEN is an international, one of the leading crypto exchanges, and IEO launch platforms with a focus on security and useability.

LATOKEN has 2 million accounts, including 1+ million mobile app installs with 4.5 reviews scored by 25+k users.

This crypto exchange is planning IPO as a top DeFi bet and is interested in VCs and partners with fintech IPOs and/or DeFi success cases on the belt.

LATOKEN is building a team to enter the US market, upgrade to institutional-grade exchange, launch DeFi products on LACHAIN, and bring commerce and banking to blockchain technology to automate transaction processing and save many business hours per year.

The platform offers 300+ digital assets available for traders with the option to connect using RESTful or WebSocket APIs on the LATOKEN platform.

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