Mining News

Kuwait targets illegal encryption, 60 people under investigation for illegal mining

The Kuwaiti authorities are coordinating illegal encryption mining, with more than 60 individuals under investigation, as part of a comprehensive campaign to clarify unlicensed operations.

The country’s public prosecutor confirmed that investigations are continuing and warned that more suspects can be identified in the coming weeks. The “security process”, which was conducted last Friday, targeted residential real estate throughout the country suspected to host mining platforms, according to it. Local media.

The process was coordinated by senior officials, including Prime Minister Acting Sheikh Fahd Al -Youssef and Minister of Electricity, Dr. Sobe Al -Misheed. The government said it aims to reduce the use of unauthorized power that led to the national network tension and led to the power outages in some areas.

The Ministry of Electricity has begun to separate energy from the mining -related properties. It will only be allowed to re -call the clearance of the Ministry of Interior. Officials also perform follow -up surveying operations in various neighborhoods.

Kuwait Imposed “The absolute ban on all virtual mining activities of the encoded assets/currency” under the directive of the Committee for the Anti -Money Laundering Committee supported by organizers, including the National Bank of Kuwait.



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