Kuwait has launched a crackdown on cryptocurrency miners it accuses of being a "major" cause of a power crisis that has led to blackouts, as authorities seek to ease pressure on the grid before ...

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.

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 Ministry of Interior warned against cryptocurrency mining practices by individuals and entities in Kuwait, which is unlicensed activity and a direct violation of the county’s law, particularly:.

KUWAIT CITY - The Ministry of Interior (MoI) issued a warning on Tuesday regarding unauthorized cryptocurrency mining activities within Kuwait, stating that these activities are unlicensed and a ...

Cryptocurrency trading is illegal in Kuwait, but mining is not explicitly banned. Nevertheless, the government's interior ministry said it "constitutes an unlawful exploitation of electrical power ...

KUWAIT CITY, April 22: The Ministry of Interior has issued a warning against unlicensed cryptocurrency mining activities in Kuwait, cautioning that such operations are in violation of national laws.

Kuwait has banned cryptocurrency trading but has no laws specifically addressing mining. OPEC member Kuwait is grappling with a severe power crisis driven by population growth, urban expansion ...

KUWAIT CITY, April 22: The Ministry of Interior (MoI) issued a warning on Tuesday regarding unauthorized cryptocurrency mining activities within Kuwait, stating that these activities are unlicensed ...

KUWAIT (Reuters) -Kuwait has launched a crackdown on cryptocurrency miners it accuses of being a "major" cause of a power crisis that has led to blackouts, as authorities seek to ease pressure on ...