A recent study found that Iran is responsible for around 4.5 per cent of all bitcoin mining in the world. Photo / APA recent study found that Iran is responsible for around 4.5 per cent of all bitcoin mining in the world. Iran's President Hassan Rouhani overnight announced a four-month ban on all cryptocurrency mining, a day after his energy minister apologised for unplanned power cuts in major cities. Photo / AP"Cryptocurrency activities and mining cryptocurrencies must be stopped" until September 22, Rouhani said in televised remarks. According to consultant and expert on cryptocurrencies Michel Rauchs, about 5-10 per cent of world bitcoin mining can be traced to Iran.

Source: New Zealand Herald May 27, 2021 00:00 UTC