🔌 Illegal cryptocurrency mining threatens electricity stability in Libya!

📉 According to a report from the United Nations Office on Drugs and Crime (UNODC), it is warned that illegal cryptocurrency mining has become an increasing means for money laundering and funding criminal activities around the world, including in Libya 🇱🇾.

⚠️ The report indicates that some entities are exploiting the cheap electricity in Libya to operate mining farms without supervision or licenses, leading to:

Depletion of the electricity network

Frequent outages

Damage to infrastructure

And a threat to economic security

🚫 Although Libya issued a decision to ban dealing with cryptocurrencies since 2018, illegal mining continues in secrecy, taking advantage of weak oversight, which poses a direct threat to energy security and community stability.

📣 Is it time to reassess the state's position on cryptocurrencies? Is it better to regulate and monitor mining instead of completely banning it?

🗣️ Share your opinions with us 👇