Iran: Ban on cryptocurrency mining announced
Description
Ban on cryptocurrency mining announced
On 26 May 2021, the President of Iran Hassan Rouhani has announced on state TV that the mining of cryptocurrencies in the country would be banned until 22 September 2021 to alleviate the energy crisis faced by the country.
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
DLT development
Implementation Level
national
Government Branch
executive
Government Body
central government