Kuwait cracks down on crypto miners to cut down on electricity usage
6 months ago
8
Kuwait is cracking down on cryptocurrency miners throughout the country, as reported by Reuters. Officials have blamed the practice for blackouts and for causing stress on its power grid. The country started this crackdown just before the onset of summer, which experts say could reach scorching temperatures of 125 degrees Fahrenheit.
Kuwait’s Ministry of Interior said in a statement that it has been conducting a "wide-ranging" security operation that targets homes suspected of being used for cryptocurrency mining. The government agency went on to say that crypto mining is illegal, as the country’s Capital Markets Authority bann...
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6 months ago
8
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