Abu Dhabi authorities have announced a strict ban on cryptocurrency mining in farms to control illegal operations. Farms found mining cryptocurrencies illegally face a hefty fine of up to Dh100,000 (approximately $27,000). In addition to the fine, authorities will suspend services, disconnect electricity, and confiscate all mining equipment from non-compliant farms. Those violating the ban will also face further legal actions.
Objectives of the Crackdown
This decisive move aims to:
- Regulate energy consumption
- Prevent unauthorized crypto mining within Abu Dhabi
- Protect resources and ensure compliance with the law
Consequences for Illegal Miners
- Hefty fines up to Dh100,000
- Suspension of services
- Electricity disconnection
- Confiscation of mining equipment
- Further legal actions
The crackdown sends a clear message to all crypto miners in the emirate about the serious consequences of illegal mining activities. It is part of Abu Dhabi’s broader policy to maintain the integrity of its energy infrastructure and legal frameworks. This initiative aligns with global regulatory trends as governments work to balance technological innovation and resource management.
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