Kosovo’s government bans miners from continuing to create cryptocurrency. This is a last-ditch effort to prevent a national electricity shortage. The cost of imports has definitely increased significantly.
Prohibition on cryptocurrency mining to ensure the supply of energy
On August 5, Bitcoin News tweeted that Kosovo’s government had outlawed cryptocurrency mining. The Pristina government released the decree that goes along with this declaration during the week. The government of the nation is well aware of how energy-intensive this industry is. Last winter, mining had already been put on the fritz.
In fact, the government hopes to be able to ensure a sufficient supply of energy for residences and companies during the ensuing weeks and months. In addition to prohibiting crypto mining, it has also adopted other measures to achieve this. For instance, Kosovo’s government provides help to households so they can pay for their heating costs. To ensure the security of electrical distribution, the national grid operator was also called into action.
The Kosovo cabinet of ministers has determined to make sure that all institutions’ electricity usage is decreased. According to the Kosovo authorities, all of these urgent steps will be implemented gradually over the course of two months. By a majority vote, they can, however, extend this time limit to 180 days.
To address the global energy crisis, the Kosovar government has chosen to implement emergency measures. You should be aware that he just obtained materials from multiple unauthorized crypto mining operations. Tensions have resulted as a result in the nation.
