Kosovo stops mining cryptocurrency in the middle of the energy crisis-mining Bitcoin messages
Kosovo stops mining cryptocurrency in the middle of the energy crisis-mining Bitcoin messages
The government of Kosovo has decided to stop crypto-mining activities in the country as part of the measures to cope with the shortage of electricity this winter. The step was proposed by a special parliamentary committee, which is commissioned to bridge the gap between electricity demand and offer.
Kosovo authorities ban crypto mining to save the required energy
The executive in Pristina has the energy -intensive embossing of digital coins in kosovo , a partially recognized republic in Southeastern Europe. The country is faced with power shortages in the cold winter months, reported local media.
The Kosovar Minister of Economic Affairs Artane Rizvanolli announced the creation of the crypto mining operations on Tuesday. According to her statement cited by Gazeta Express, the decision was made on the recommendation of the specialist committee "emergency measures for the energy supply" used by the legislator.
The restrictions were agreed in the Kosovo parliament last week, DTT Net reported. In Kosovo there were electricity failures in the cold winter months due to the increased demand for electricity, and the authorities try to find solutions that weaken the energy crisis.
Minister Rizvanolli added that the law enforcement authorities of Kosovo will join the efforts to locate crypto mining facilities and to stop the dismantling of digital currencies. "These measures aim to remedy the potential unexpected or long -term lack of electricity generation capacities, capacities for the transfer or distribution of energy in order to overcome the energy crisis without further burdening the citizens of the Republic of Kosovo," she said.
In order to cope with the electricity deficit, the government declared the 60-day state of emergency in December, which enables it to provide funds for energy imports and impose power outages. The energy requirement of Kosovo is largely covered by its coal -fired power plants.
In winter, however, demand exceeds the supply and the Kosovo Energy Distribution Systems company is forced to compensate for the bottlenecks by imports. At the same time, the global energy crisis, according to Gazeta Express, led to an enormous increase in electricity prices on the international market.Kosovo has that. Seen Popularity of mining grow with the crypto prices, especially in its mostly Serbian northern part where consumers have not paid for electricity in several municipalities for over 20 years. At the beginning of the year, Balkan Insight reported that the government controlled by Albania in Pristina had instructed the country's public supply companies to pay these invoices for another six months, while the authorities are trying to find a permanent solution.
Do you think Kosovo will allow crypto miners to resume their activities as soon as it has overcome its problems with current shortage? Tell us in the comment area below.
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