Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Animoca Brands Joins Forces with DDC for Bitcoin Initiatives

    Animoca Brands Allocates $100M BTC in DDC Partnership

    Animoca Brands Allocates $100 Million BTC with DDC Partnership

    Bitcoin ETFs Record $2.7 Billion Weekly Inflows

    Peter Schiff Criticizes Bitcoin’s 21 Million Supply, Calls It Arbitrary

    Peter Schiff Renews Criticism of Bitcoin Scarcity Model

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Changpeng Zhao Threatens Legal Action Against Bloomberg

    Ripple CEO Brad Garlinghouse Compared to Steve Jobs

    Vitalik Buterin Proposes Pluralistic Digital ID System

    Vitalik Buterin Proposes Privacy-Focused Digital ID Systems

    Pump.fun Raises $600M, PUMP Token Surges Premarket

    Pump Token Premarket Surge Due to $600M Fundraise

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Kuwait Investigates 31 Illegal Crypto Mining Operations

Solomon M. by Solomon M.
May 8, 2025
in Latest News
Key Takeaways:
  • Investigation into illegal mining involves 116 suspects, 59 properties.
  • Strain on the national power grid.
  • Financial transactions linked to operations discovered.
kuwait-investigates-31-illegal-crypto-mining-operations
Kuwait Investigates 31 Illegal Crypto Mining Operations

Kuwait has launched a major investigation into illegal cryptocurrency mining involving 116 suspects across 59 locations nationwide.

The crackdown underscores Kuwait’s efforts to address illegal electricity usage, crucial as it confronts a severe power crisis.

In a sweeping operation led by top officials, Kuwait’s government has intensified its focus on unlawful cryptocurrency mining activities. Authorities identified 31 cases, revealing numerous substantial financial transactions directed by suspects. The investigation, overseen by several high-ranking officials, aims to mitigate illicit electricity consumption exacerbating power shortages.

The operation’s impact is significant, with authorities detaining suspects and disconnecting power supplies from implicated homes. This action follows Kuwait’s strict prohibition on virtual asset and crypto mining activities, highlighting infrastructure rather than financial regulation as the chief concern. Omar Al-Omar, Minister of State for Communications Affairs, Kuwait noted, “Crypto mining activities constitute an unlawful exploitation of electrical power … and may cause outages affecting residential, commercial and service areas.”

The crackdown reflects the broader concerns about energy-intensive mining activities across Gulf states. Kuwait’s timing indicates proactive measures to prepare for high summer energy demands, mitigating potential grid failures.

Future consequences of the operation could influence regulatory policies and energy-resource strategies in the region. Outcomes might steer technological adaptations to curb resource exploitation, considering the historical context of crypto regulations in Kuwait.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Kuwait Investigates 31 Illegal Crypto Mining Cases

Next Post

The Best Crypto to Buy for May 2025: Qubetics, AAVE, Immutable X – Latest Updates You Can’t Miss

Solomon M.

Solomon M.

Related Posts

Changpeng Zhao Plans to Sue Bloomberg Over USD1 Claims

by Solomon M.
July 13, 2025

Binance's Changpeng Zhao may sue Bloomberg over claims linking USD1 stablecoin to Trump.

Binance’s CZ Considers Legal Action Against Bloomberg

by Solomon M.
July 13, 2025

Binance's CZ threatens lawsuit against Bloomberg over linking Binance to USD1 stablecoin.

Binance’s CZ Considers Suing Bloomberg Over USD1 Stablecoin Claims

by Joshua T.
July 13, 2025

Binance's CZ threatens legal action against Bloomberg for alleging ties to Trump-linked USD1 stablecoin.

CZ Considers Legal Action Against Bloomberg

by Solomon M.
July 13, 2025

Changpeng "CZ" Zhao may sue Bloomberg for a report linking Binance to the Trump-backed USD1 stablecoin.

Ripple CEO Brad Garlinghouse Likened to Steve Jobs

by Solomon M.
July 13, 2025

Ripple CEO Brad Garlinghouse compared to Steve Jobs for leadership amid crypto challenges.

Ripple CEO Garlinghouse Compared to Steve Jobs

by Solomon M.
July 13, 2025

Ripple CEO Brad Garlinghouse likened to Steve Jobs for crypto leadership, driving Ripple's strategic focus.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.