Published on: 2025-07-26 22:02:00
What just happened? Kuwait has declared cryptocurrency mining "illegal and unlicensed" as part of a broad crackdown to ease pressure on its strained power grid amid a worsening energy crisis. 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 cr
Keywords: electricity kuwait mining ministry power
Find related items on AmazonPublished on: 2025-07-28 08:12:00
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 c
Keywords: country crypto kuwait mining practice
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