In Kuwait, the authorities carry out a large -scale operation to combat illegal crypto mining within the scope of unlicensed activities. According to the statements, more than 60 people are under investigation and the new suspects are expected to be identified in the coming weeks.
Illegal crypto mining
Prosecutor’s Office, the investigation carried out by stating, the operation within the scope of the operation of the mining equipment in housing is identified. This research is reported to be carried out in order to prevent unlicensed transactions and to terminate the illegal activities.
The operation, which was carried out last Friday, targeted mining, especially in housing. While the operation is coordinated by the authorities throughout the country, it is understood that the negativities due to high power consumption in houses are tried to be prevented.
Prime Minister Sheikh Faad Al-Youf and Electrical Minister Subaih Al-Mukhaizeem reportedly followed the process. These officials said that the operation was organized in order to inspect the increasing electricity consumption throughout the country and to prevent damage to the power network.
Operation details and measures taken
The Ministry of Electricity reported that the electrical connections of mining properties have begun to be cut. The relevant properties will have to get permission from the Ministry of Interior to re -receive energy. It is stated that additional searches and controls continue in certain districts within the scope of the operation.
The Kuwait government has commissioned an absolute prohibition against illegal crypto asset mining activities. This measure is supported by national regulatory institutions and National Bank of Kwait with the directive given by the Committee of Black Money Laundering.
Authorities, these operations, the energy infrastructure to reduce the burden and regular energy consumption is also an important step in order to ensure. Iran and many countries have carried out similar operations because of damage to energy supply security by uncontrolled mining.
These developments are carefully monitored in terms of preventing unlicensed activities and increasing practices for protection of country energy resources. The investigation and measures taken are constantly evaluated and updated by the competent authorities.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
