Kuwait
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#Bitcoin_mining and cryptocurrency mining have been banned in 🇰🇼 #Kuwait , the Ministry of Interior said in a statement on Tuesday, warning that the practice is considered unlicensed and therefore subject to legal action.
The ministry also noted the environmental impact of #Bitcoin and cryptocurrency mining, explaining that it consumes large amounts of energy, increasing pressure on the national electricity grid and potentially leading to power outages and disruptions to the power distribution network.
#Bitcoin_mining and cryptocurrency mining have been banned in 🇰🇼 #Kuwait , the Ministry of Interior said in a statement on Tuesday, warning that the practice is considered unlicensed and therefore subject to legal action.
The ministry also noted the environmental impact of #Bitcoin and cryptocurrency mining, explaining that it consumes large amounts of energy, increasing pressure on the national electricity grid and potentially leading to power outages and disruptions to the power distribution network.
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More than 1,000 illegal cryptocurrency mining sites discovered – Kuwait tightens control, warns
The Kuwaiti government has just issued a stern warning after discovering more than 1,000 locations illegally mining cryptocurrency, despite an outright ban on all crypto-related activities issued since July 2023. This development not only shows a portion of the population's disregard for the law but also highlights the potential risks from cryptocurrency mining to the energy system and public safety of this Gulf nation.
Kuwait Cracks Down on Crypto Mining 🚫💻⚡
The Kuwait Ministry of Interior has declared all crypto mining activities illegal in the country, citing violations of multiple national laws and threats to public infrastructure.
Here’s what you need to know:
1,000+ illegal mining sites detected across the country 🏠🔌
Mining operations are overloading power grids, causing outages and risking public safety ⚠️
Violations include laws tied to industry regulation, penal code, CITRA, and electricity use 📜
Why it matters:
Kuwait is making it clear—unauthorized crypto mining is a no-go. With electricity heavily subsidized, the government is cracking down on misuse and unsanctioned operations.
What’s next?
Offenders face legal consequences, and ongoing investigations are underway. Authorities urge all miners to cease operations immediately.
#CryptoNews #MiningBan #Kuwait #Regulations #CryptoMining
The Kuwait Ministry of Interior has declared all crypto mining activities illegal in the country, citing violations of multiple national laws and threats to public infrastructure.
Here’s what you need to know:
1,000+ illegal mining sites detected across the country 🏠🔌
Mining operations are overloading power grids, causing outages and risking public safety ⚠️
Violations include laws tied to industry regulation, penal code, CITRA, and electricity use 📜
Why it matters:
Kuwait is making it clear—unauthorized crypto mining is a no-go. With electricity heavily subsidized, the government is cracking down on misuse and unsanctioned operations.
What’s next?
Offenders face legal consequences, and ongoing investigations are underway. Authorities urge all miners to cease operations immediately.
#CryptoNews #MiningBan #Kuwait #Regulations #CryptoMining
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Eid Mubarak 🚀💸🚀💵🚀🚀🚀#BSCTrendingCoins #BSCTrendingCoins #SaudiArabia #Dubai_Crypto_Group #Kuwait $SOL $BTC $XRP
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Due to the extreme confusion, I cannot determine what are the best suitable and rising currencies, God willing.
Can someone help me? I need one or two strong currencies. The most agreed upon currency I will buy from.
Because I am confused between sui, ordi, arb, and I do not know if there is a better one than them.
#BullRunAhead #crypto #MiddleEast #Kuwait #jordan
Can someone help me? I need one or two strong currencies. The most agreed upon currency I will buy from.
Because I am confused between sui, ordi, arb, and I do not know if there is a better one than them.
#BullRunAhead #crypto #MiddleEast #Kuwait #jordan
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