Kosovo Moves to Ban Crypto Mining in Face of Energy Crisis

Kosovo Moves to Ban Crypto Mining in Face of Energy Crisis

The Republic of Kosovo is to ban cryptocurrency mining as a means of tackling its energy crisis.

  • The eastern European state’s economy minister, Artane Rizvanolli, acted on the advice of the Technical Committee for Emergency Measures in Energy Supply on Dec. 31 as part of a set of relief measures.
  • The measures include the “prohibition of the production of cryptocurrencies throughout the territory.”
  • The government declared a state of emergency in December lasting for 60 days, allowing it to allocate more money for energy imports and even introduce power cuts, according to a report by the Gazeta Express.
  • The move is similar to that taken by Iran on Dec. 28 to ban crypto mining until March 6 in order to save power and avoid blackouts over the winter.
  • The eastern European state’s economy minister, Artane Rizvanolli, acted on the advice of the Technical Committee for Emergency Measures in Energy Supply on Dec. 31 as part of a set of relief measures.

    The measures include the “prohibition of the production of cryptocurrencies throughout the territory.”

    The government declared a state of emergency in December lasting for 60 days, allowing it to allocate more money for energy imports and even introduce power cuts, according to a report by the Gazeta Express.

    The move is similar to that taken by Iran on Dec. 28 to ban crypto mining until March 6 in order to save power and avoid blackouts over the winter.

    Source

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