Hundreds of Rigs Seized

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Kosovo Declares Crypto Mining Illegal Across the Board

Kosovo outlawed cryptocurrency mining across the board, resulting in the seizure of hundreds of mining rigs in the southeastern European country.

Kosovo has banned cryptocurrency mining.

Kosovo’s latest move to prohibit cryptocurrency mining joins a growing list of countries that have already done so.

China, Egypt, Iraq, Qatar, and Kazakhstan are among the countries represented, as are Morocco, Algeria, and Tunisia.

Following the country’s raging energy crisis, Kosovo banned crypto mining in its jurisdiction, according to a report by Futurism.

It’s worth noting that the government of the European country had previously declared a state of emergency because of its energy crisis, which stemmed from the closure of its coal power plant in December.

Across the country, there are now blackouts.

As a result, citizens have staged a number of protests, denouncing Kosovo’s decision to import electricity due to alleged high prices.

As a result of the ongoing energy problems in the country, the European nation has decided to abandon crypto mining entirely.

Hundreds of Crypto Mining Rigs Have Been Snatched

In the meantime, according to WCCFTech, Kosovo authorities have already seized hundreds of machines used to mine cryptocurrencies as part of their ongoing crackdown.

Aside from the seized mining rigs, the country’s authorities arrested a single person for crypto mining.

In a statement, Kosovo’s law enforcement said that the crackdown had already seized more than 300 crypto mining devices in the country.

Furthermore, due to the ongoing power crisis in Kosovo, the government authorities in Pristina have already halted all crypto mining operations.

Brinkwire News: High Energy Requirements To Blame For Alleged Crypto Mining Farm Fire In Thailand?

Ban on Cryptocurrencies in Kosovo, as well as a Power Outage

Following the country’s crypto ban, Kosovo’s Finance Minister issued a statement on Facebook, stating that the energy consumed by crypto mining could power hundreds of homes in the European country.

To be more specific, the Kosovo Finance Minister shared his estimate, which revealed that crypto miners’ monthly energy consumption is equivalent to the power needs of approximately 500 homes.

Cryptocurrency Mining vs.

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As previously stated, this is not the first time a country has completely abandoned crypto mining, which is notoriously energy-intensive.

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