Abu Dhabi Authority Bans Cryptocurrency Mining on Farms to Preserve Electricity
CryptoNewsTerminal Staff24 May, 2024
Abu Dhabi Authority Bans Cryptocurrency Mining on Farms to Preserve Electricity
The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) in the United Arab Emirates (UAE) has issued a warning to farmers against using their farms for cryptocurrency mining. The authority cited concerns over increased electricity consumption in agricultural areas, which it deems a misuse of the land designated for farming. "Using farms to mine cryptocurrency is considered a misuse of the plot," ADAFSA stated. The authority also warned that violators would face fines of up to AED 10,000 (approximately $2,723).
