Aiming to make up for frequent blackouts, Hassan Rouhani, the President of Iran has announced to ban the mining of cryptocurrencies. Reportedly, Iran has banned the energy-intensive mining of cryptocurrencies such as Bitcoin until 22nd September 2021. The reports published by Elliptic state, “around 4.5% of all Bitcoin mining takes place in Iran, out of which 85% of the current mining in Iran is unlicensed.”