Kuwait is cracking down on cryptocurrency miners throughout the country, as reported by Reuters. Officials have blamed the practice for blackouts and for causing stress on its power grid.

KUWAIT (Reuters) -Kuwait has launched a crackdown on cryptocurrency miners it accuses of being a "major" cause of a power crisis that has led to blackouts, as authorities seek to ease pressure on ...

Kuwait is one of the most affordable countries for crypto mining In 2023, estimates dubbed the country the most affordable location to mine bitcoin (BTC) worldwide. One roundup suggested the cost ...

Kuwait is cracking down on cryptocurrency miners throughout the country, as reported by Reuters. Officials have blamed the practice for blackouts and for causing stress on its power grid.

Cryptocurrency trading is illegal in Kuwait, but mining is not explicitly banned. Nevertheless, the government's interior ministry said it "constitutes an unlawful exploitation of electrical power ...