Kuwait

Kuwait Cracks Down on Cryptocurrency Mining Amid Power Crisis

Al-Wafrah, Kuwait, has seen a dramatic crackdown on unregulated cryptocurrency mining operations, leading to a 55% drop in electricity consumption over the past week. This action comes as the nation faces a power crisis aggravated by high summer temperatures and increased energy demand.

Kuwait's Crackdown on Cryptocurrency Mining: A Response to Energy Crisis

Authorities in Al-Wafrah, Kuwait, have conducted a major crackdown on unregulated cryptocurrency mining, leading to a notable 55% decrease in electricity usage in just one week. Despite the illegality of crypto trading, mining's unchecked rise has raised alarms amidst a national energy crisis fueled by rising temperatures and increasing demand.

Kuwait's Crackdown on Cryptocurrency Mining: A 55% Drop in Electricity Consumption

Authorities in Al-Wafrah, Kuwait, have taken decisive action against unregulated cryptocurrency mining, leading to a significant cut in electricity usage. With a 55% reduction in a week, this move highlights the ongoing power crisis in the region, fueled by rising temperatures and increased energy demand.