Police in Kosovo have seized another batch of over 200 mining devices as part of raids against crypto miners that started on Thursday.
Police in Kosovo seized another batch of over 200 mining devices as part of raids that started on Thursday. The offensive against underground crypto farms was launched after authorities in Pristina banned the power-hungry minting of digital currencies amid an energy crisis in the country.Law enforcement officers in Kosovo have confiscated hundreds of mining machines as part of efforts to curb crypto mining activities in the face of electricity shortages.
A statement issued by the Kosovo police revealed that the authorities have seized 272 devices used for the production of cryptocurrency in the municipality of Leposavic, AFP reported. “The whole action took place and ended without incidents,” Interior Minister Xhelal Svecla noted in a post on Facebook.
Finance Minister Hekuran Murati also took to the social media platform to point out that the estimated monthly consumption of the mining equipment is as much as the power used by 500 homes, worth between €60,000 and €120,000 euros. Murati also stated:The new seizure has brought to 342 the total number of mining rigs confiscated since the raids against miners started earlier this week, data from the Ministry of Interior shows.
Amid the government offensive on mining facilities, tensions have been running high between the central government of Kosovo, dominated by ethnic Albanians, and the ethnic Serbs who form a majority in four municipalities in the north of the partially recognized republic in South East Europe.
The crypto mining ban was presented by Economy Minister Artane Rizvanolli as an emergency step, along with other measures proposed by a special parliamentary committee. However, critics have raised doubts about its legality as the minting of digital currencies is not prohibited by the current legislation. A draft law on cryptocurrency regulation submitted to the parliament in October is yet to be adopted.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kosovo Seizes Hundreds of ASICs After Bitcoin Mining BanKosovo is ramping up its crackdown on Bitcoin mining amid power shortages
Read more »
Spanish Politician Argues the Country to Position Itself as a Bitcoin Mining HubSpain should position itself as a hub for Bitcoin miners, argues a local politician.
Read more »
Kazakhstan unrest takes down a fifth of global bitcoin mining networkThe second largest bitcoin mining nation in the world has cut off internet access, slashing the amount of computing power dedicated to the cryptocurrency
Read more »
Kazakh Mining Slide Offers Lesson for US Lawmakers'A draconian response in Washington... would encourage U.S.-based miners to move to countries like Kazakhstan that are doing close to nothing to expand renewable energy.' Opinion for the 'Money Reimagined' newsletter mikejcasey
Read more »
Kosovo Seizes Hundreds of ASICs After Bitcoin Mining BanKosovo is ramping up its crackdown on Bitcoin mining amid power shortages
Read more »
SEC Charges Australian 'Man Behind the Machine' in $41M Crypto Fraud Scheme – Regulation Bitcoin NewsThe “Man behind the Machine” began diverting more than $5.8 million from the proceeds to gold mining entities in South Africa without disclosing this to investors. crypto cryptocurrency
Read more »