Get the latest tech news
Kuwait declares cryptocurrency mining illegal amid power crisis crackdown
Kuwait has launched a sweeping crackdown on cryptocurrency mining, blaming the activity for worsening a power crisis that has led to rolling blackouts across the country as...
This firm stance contrasts sharply with neighboring Dubai, which continues to embrace the crypto sector, recently hosting a major international conference attended by prominent industry figures. Kuwait has launched a sweeping crackdown on cryptocurrency mining, blaming the activity for worsening a power crisis that has led to rolling blackouts across the country as temperatures soar and air conditioning demand surges. "These mining operations represent an unlawful misuse of electrical power … and may lead to outages impacting residential, commercial, and service areas, posing a direct risk to public safety," the ministry said.
Or read this on r/technology
