Kuwait cracks in illegal encryption mining operations

The Ministry of the Interior in Kuwait issued a strict warning against the cryptocurrency mining. It follows a height electricityY Use Over 1,000 suspected mining sites are linked throughout the country.

The ministry repeated this Exaggeration of encryption It is still illegal. His position has been implemented since July 2023, when the Capital and Markets Authority has banned all encrypted currency activities.

The authorities raised warnings after their unusual discovery Electricity consumption The patterns, which led to power outages in residential and commercial areas. The Ministry expressed its concerns about public safety, and highlighting the disturbances in the basic services caused by mining activities.

Low electricity prices for Kuwait in Kuwait have made an attractive location for mining operations, despite the legal ban. In cooperation with the Ministry of Electricity, the interior has identified more than 100 homes in Wafra with energy consumption up to 20 times.

Although mining ban, Kuwaitis continue to engage in encryption activities, as shown at a loss of $ 40 million in January 2025 of the Bitcoin Fraud symbol. General figures called for more stringent enforcement and other legislative measures to prevent coding fraud in the region.

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