Kuwait's Crackdown on Crypto Mining: Kuwait has initiated a comprehensive crackdown on cryptocurrency mining, blaming it as a significant contributor to the country's ongoing power crisis. The Interior Ministry announced the start of a security operation targeting homes illegally used for mining cryptocurrencies. Although cryptocurrency trading is banned in Kuwait, there are currently no specific laws addressing mining. The nation faces an acute energy shortage exacerbated by population growth, urban expansion, rising temperatures, and delayed maintenance of power plants. With electricity heavily subsidized and prices low, crypto miners have exploited the situation. Reuters+1Reuters+1
European Union's Upcoming Ban on Anonymous Crypto: The European Union plans to ban anonymous cryptocurrencies and privacy tokens by 2027. This move aims to enhance transparency and prevent illicit activities associated with untraceable digital assets
