KUWAIT (Reuters) -Kuwait has launched a crackdown on cryptocurrency miners it accuses of being a "major" cause of a power crisis that has led to blackouts, as authorities seek to ease pressure on the ...

What just happened? Kuwait has declared cryptocurrency mining "illegal and unlicensed" as part of a broad crackdown to ease pressure on its strained power grid amid a worsening energy crisis.

The coordination has led to tangible successes across several vital areas, enhancing the country’s ability to open new development and service horizons ...

Kuwait is cracking down on cryptocurrency miners throughout the country, as reported by Reuters. Officials have blamed the practice for blackouts and for causing stress on its power grid.

Energy consumption in the Al-Wafrah region of Kuwait dropped 55 percent almost overnight as authorities raided homes ...

Kuwait has banned cryptocurrency mining as it looks to regulate the activity and cut down on overloads of electricity network. The Ministry of Interior warned against cryptocurrency mining practices ...

Kuwait has banned cryptocurrency trading but has no laws specifically addressing mining. OPEC member Kuwait is grappling with a severe power crisis driven by population growth, urban expansion ...

By Ahmed Hagagy KUWAIT (Reuters) -Kuwait has launched a crackdown on cryptocurrency miners it accuses of being a "major" cause of a power crisis that has led to blackouts, as authorities seek to ...