Business And Markets

Ban on (Illegal) Cryptomining Futile

Ban on (Illegal) Cryptomining Futile
Ban on (Illegal) Cryptomining Futile

The Majlis Research Center, the research wing of the parliament, has assessed the impact of the government ban on cryptomining and closure of unauthorized mining centers, saying that the policy was a failure. 
The results of the assessment were recently published on the MRC website, in which the measure is rejected as absolutely unsuccessful because it had no visible change in the total cryptomining business in Iran.
“Estimates about the total volume of cryptocurrencies mined in Iran between April 2021 and August 2021 shows that more than half the illegal miners in the country were indifferent to the government’s decision to ban cryptomining,” reads the report. 


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