Iran has banned the promotion of cryptocurrency mining machines in a fresh decree issued by the Pezehskian government, as the country continues to suffer from power shortages.
The Pezeshkian administration’s crackdown worsens existing concerns about the impact of uncontrolled cryptocurrency mining on Iran’s energy grid, which has already suffered major issues as a result of unlawful operations.
Power outages and brownouts have wreaked havoc across Iran into autumn and winter, although blackouts were traditionally only seen in the summer.
In a letter by the Ministry of Communications addressed to major online retailers, the ministry referenced a President Rouhani-era resolution dated April 14, 2016, by the Council of Ministers banning the advertisement of “high-consumption goods” without explicitly naming mining machines in the note.
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