Iran Suspends Licensed Mining Companies Until August – Bits Media

Iranian First Vice President Eshak Jahangiri urged all licensed miners in the country to stop operating due to ongoing energy crisis.

According to the Tasnim News Agency publication, Donkey Jahangiri(Eshaq Jahangiri) said
at a meeting with officials Ministry of Energy, that restrictions on electricity consumption for cryptocurrency miners, probably, Save until the beginning of August.

In May, the president of Iran approved
The ban on the production of cryptocurrencies before 22 september, Since mining overloads the country's energy networks. However, recently, the Ministry of Industry and Trade of Iran allowed
work of thirty mining enterprises in the country.

“We will take care of, so that the supply of electricity to important objects takes place without interruptions ", – Jahangiri said. "Licensed cryptocurrency miners must completely stop working.".

Mining cryptocurrencies as industrial activity legal
In Iran with 2019 year, provided, that miners are licensed and regulated accordingly. Nonetheless, Many unlicensed mining companies are illegally connected to electric networks, and the authorities make raids on objects and stop
Their work.

Earlier, the representative of the Iranian Ministry of Energy said, that the department will introduce severe fines for miners, mining cryptocurrencies in residential buildings. In early June, Iranian President said, that he intends to legalize crypto assets and called for the development of regulatory provisions for their regulation.