Abu Dhabi Bans Crypto Mining on Farms, Imposes $27,000 Fines
- Abu Dhabi's Agriculture and Food Safety Authority (ADAFSA) has reaffirmed a ban on cryptocurrency mining on farms in the emirate.
- Violators face fines of 100,000 dirham (approximately $27,000), with the penalty doubling for repeat offenses.
- Consequences include disconnection from government services, confiscation of equipment, and suspension from agricultural support programs.
- The initiative is aimed at maintaining farmland for its intended use: crop cultivation and livestock raising.
- Both farm owners and tenants involved in mining may be referred to other authorities for further action.
- This measure aligns with global trends, such as Russia's recent six-year ban on crypto mining in 10 regions due to energy consumption concerns.
