Kosovo bans Crypto Currency Mining in the country

The government of Kosovo has banned the mining of cryptocurrencies in the country to save electricity use because of an energy crisis caused by soaring global prices

The government have said security operatives will identify and clamp down on sources of cryptocurrency mining.

cryptocurrency mining is energy intensive and involves verifying digital transactions to get cryptocurrencies as a reward.

crypto currency mining
Photo by Karolina Grabowska from Pexels

While all of Europe faces sharp price rises, Kosovo is enforcing rolling blackouts amid an electricity shortage.

The Balkan state’s largest coal-fired power plant was shut down last month over a technical issue, forcing the government to import electricity at high prices.

Dolupo Balogun

Written by BoomRadioNG