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Kuwait cracks down on crypto miners to cut down on electricity usage
Kuwait has started cracking down on cryptocurrency mining. This comes after the country banned crypto trading.
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 banned the practice in 2023.
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