Kuwait Escalates Illegal Crypto Mining Crackdown, Questioning 116
Kuwaiti authorities are intensifying efforts against illegal crypto mining, investigating 31 cases and questioning 116 individuals. The investigations focus on illegal electricity use for mining across 59 residential properties, which have reportedly strained the national power grid and caused blackouts. The public prosecutor has pledged strict legal action against violators. This crackdown follows a warning from the Ministry of the Interior about over 1,000 illegal mining locations in Kuwait. In 2023, the country imposed a complete ban on cryptocurrency mining activities due to concerns over public safety and energy exploitation. Despite low electricity costs, residents are urged to conserve energy amid rising summer temperatures. Crypto mining requires significant power, and while it impacts electrical grids, advocates suggest it can stabilize them. Sustainable energy sources for Bitcoin mining have increased to 52.4% in 2024, up from 37.6% in 2022.
