Kosovo Moves to Ban Crypto Mining in Face of Energy Crisis

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

Artane Rizvanolli, the eastern European country’s economy minister, 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 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.

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