Kosovo Moves to Ban Crypto Mining in Face of Energy Crisis

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

  • The eastern European state’s economy minister, Artane Rizvanolli, 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 even 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.

Read more: 8 Trends That Will Shape Bitcoin Mining in 2022

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