Facing Power Crisis, Kosovo Bans Cryptocurrency Mining
NDTV
Kosovo's government on Tuesday introduced a ban on cryptocurrency mining in an attempt to curb electricity consumption
Kosovo's government on Tuesday introduced a ban on cryptocurrency mining in an attempt to curb electricity consumption as the country faces the worst energy crisis in a decade due to production outages.
"All law enforcement agencies will stop the production of this activity in cooperation with other relevant institutions that will identify the locations where there is cryptocurrency production," Economy and Energy Minister Artane Rizvanolli said in a statement.
Due to cheap power prices in Kosovo in recent years, many young people in Kosovo have got involved in crypto mining.
Faced with coal-fired power plant outages and high import prices authorities were forced last month to introduce power cuts.
