Policy, Kuwait, Crypto Mining, News The authorities is disconnecting energy from mining-linked properties and conducting follow-up sweeps.
Kuwaiti authorities are cracking down on unlawful crypto mining, with over 60 people now below investigation, as a part of a sweeping marketing campaign to root out unlicensed operations.
The nation’s Public Prosecution confirmed the investigations are ongoing and warned that extra suspects might be recognized within the coming weeks. The “security operation,” carried out final Friday, focused residential properties throughout the nation suspected of internet hosting mining rigs, based on local media.
The operation was coordinated by prime officers, together with Acting Prime Minister Sheikh Fahad Al-Yousef and Minister of Electricity Dr. Subaih Al-Mukhaizeem. The authorities stated it goals to curb unauthorized energy utilization that has strained the nationwide grid and led to blackouts in some areas.
The Ministry of Electricity has begun disconnecting energy from mining-linked properties. Reconnection will solely be permitted with clearance from the Ministry of Interior. Officials are additionally conducting follow-up sweeps in numerous neighborhoods.
Kuwait has enforced an “absolute ban on all virtual asset/cryptocurrency mining activities” below a directive from its anti-money laundering committee that was backed by regulators together with the National Bank of Kuwait.
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