Kuwait Investigates Over 60 Individuals for Illegal Crypto Mining
Kuwaiti authorities are investigating over 60 individuals for illegal crypto mining as part of a campaign against unlicensed operations.
- The Public Prosecution confirmed ongoing investigations and potential identification of more suspects.
- A security operation targeted residential properties suspected of hosting mining rigs.
- The operation was coordinated by Acting Prime Minister Sheikh Fahad Al-Yousef and Minister of Electricity Dr. Subaih Al-Mukhaizeem.
- The government aims to reduce unauthorized power usage affecting the national grid and causing blackouts.
- The Ministry of Electricity is disconnecting power from mining-linked properties, with reconnection requiring clearance from the Ministry of Interior.
- Kuwait has enforced an absolute ban on all cryptocurrency mining activities under a directive from its anti-money laundering committee.