Mining News

Kuwait prohibits bitcoin mining on energy concerns and legal violations

The Ministry of Interior was banned in Kuwait Bitcoin Mining, quoting the consumption of excessive power and violations of national regulations.

On April 22nd statementThe government has warned that coding mining operations in the country are not authorized and violating current multiple laws.

The authorities indicated that coding mining violates the Penal Code in Kuwait, communication and regulations, industrial laws, and municipal bases.

The ministry continued that these operations put an unclean burden on the country’s electrical network and may threaten public safety.

According to the authorities:

“The ministry confirms that the cryptocurrency mining leads to excessive consumption of electrical energy, which increases the load on the public network and may lead to the power outage that affects residential, commercial and service areas, which constitutes a threat to public safety and regular savings for basic service.”

Consequently, officials urged any person involved in mining to stop operations or face legal consequences.

Meanwhile, this last enforcement procedure strengthens a wider embargo in 2023 by the Kuwait Capital Markets Authority, which also banned other encryption activities.

However, this renewed warning is a joint initiative that includes the Ministry of Interior, the Ministry of Electricity, Water and Renewable Energy and other organizational bodies.

According to them, their collective goal is to prevent the deterioration of infrastructure and enhance the use of responsible energy.

The global shift towards bitcoin mining

While Kuwait tightens its restrictions, many of them The two countries continue to embrace bitcoin mining As part of the wider digital asset strategies.

Salvador, for example, Work The state -backed mining farms are supported by volcanic energy. Despite the imposition of certain borders, Russia has Legal mining And I witnessed a A significant increase in local activity.

Other countrieslike Belarus and Pakistan , They explore ways to direct the electricity surplus to Bitcoin mining to generate economic value.

Meanwhile, the United States is also turning towards the emerging industry. Donald Trump’s administration has expressed its ambitions to lead the global encryption space, as policy makers strengthen the organizational frameworks that support mining.

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