Islamic republic of iran will once again permit Bitcoin and crypto miners to operate in the country from the terminal week of September.

According to a report past Iran'southward Fiscal Tribune, Tavanir, the country'due south power generation organisation, made the conclusion known before in Baronial.

As previously reported past Cointelegraph, Islamic republic of iran's government banned Bitcoin (BTC) and crypto mining operations back in May. At the time, the decision was reportedly made to prevent miners from overburdening the grid during the hot summer months.

Indeed, Bitcoin miners have been blamed for incessant blackouts and power shortages in Iran. Such has been the extent of the problem that Iran reportedly paused electricity exports to neighboring Afghanistan.

In Apr, Chinese investors restarted the land's largest Bitcoin mining center afterward existence out of service for four months due to complaints well-nigh excessive electricity consumption.

However, illegal crypto mining operations are reportedly the reason for the significant strain on the electricity supply. As such, only authorized miners will exist cleared to resume operations in one case the moratorium lifts in September.

Back in June, the country'due south merchandise ministry awarded 30 crypto mining licenses equally authorities in Iran continue to push for regulated cryptocurrency mining operations.

Also in June, the police in Tehran reportedly confiscated over 7,000 rigs from illegal mining operations across the urban center.

Related: Licensed Iranian crypto miners ordered to halt production 'altogether'

Iran began legalizing Bitcoin mining in 2022 with over 1,000 licenses issued in January 2022. However, the government appears smashing to localize its crypto mining sector, with parliament fifty-fifty because a bill to ban the employ of "foreign-mined" cryptocurrencies for payments in the country.

The government expects Bitcoin and crypto mining to get a meaning economic activity in the state, with a $ane-billion revenue forecast predicted back in May. Yet, the summer ban might serve to brand the target unattainable, for 2022 at least.

Iran'due south crypto credence policy might as well be set for a significant increase in scope with the country's tax agency recently calling for a legal framework for crypto trading activities.