Kosovo confiscated hundreds of crypto mining machines during the crackdown – Mining Bitcoin News

As part of the raid that began on Thursday, Kosovo police seized another batch of more than 200 mining equipment. Pristina authorities launched an offensive against underground crypto farms after banning power-consuming digital currency minting during the country’s energy crisis.

Kosovo authorities confiscate mining hardware in northern Serbs

Kosovo law enforcement officers confiscated hundreds of mining machines as part of their efforts to curb crypto mining activities during power shortages. One person was arrested in the latest police operation in a predominantly Serb area in the north of the country.

According to Agence France-Presse, a statement issued by the Kosovo police revealed that the authorities seized 272 devices used to produce cryptocurrency in Leposavic. The Minister of the Interior Xhelal Svecla pointed out in a Facebook post: “The entire operation took place and ended without any accidents.”

Finance Minister Hekuran Murati also pointed out on social media platforms that the estimated monthly consumption of mining equipment is as much as the electricity used by 500 households, with a value of between 60​​000 and 120,000 Euros. between. Murati also stated:

We cannot allow certain people to get rich illegally at the expense of taxpayers.

According to data from the Ministry of the Interior, since the start of the raid on miners earlier this week, the total number of newly seized mining machines has reached 342.The suppression began after the Pristina government stop Due to the widening power gap in the cold winter months, all mining operations will be suspended on Tuesday.

Cracking down on the mining industry may exacerbate ethnic tensions

In the government’s offensive against mining facilities, tensions between the central government of Kosovo, which is dominated by Albanians, and the Serbs in the four cities in the northern part of the Republic recognized in southeastern Europe, have been increasing.The Serbs do not accept Pristina’s authority and have not paid their electricity bills for more than two decades since 1998-1999 Kosovo War.

Utilities in the country are still using their own revenue to pay bills. According to estimates quoted by local media, the total annual revenue is 12 million euros. The current energy crisis is exacerbated by insufficient local power generation and rising import prices, making this issue a top issue. The police also carried out two raids in Albanian-majority areas and seized 70 mining equipment.

The crypto mining ban was proposed by the Minister of Economy Artane Rizvanolli as an emergency step, as well as other measures proposed by the Parliamentary Special Committee. However, critics questioned its legitimacy because current legislation does not prohibit the minting of digital currency. The draft law on cryptocurrency regulation submitted to the parliament in October has not yet been passed.

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Do you want the Kosovo authorities to continue to crack down on crypto miners? Share your thoughts on this topic in the comments section below.

Lubomir Tasef

Lubomir Tassev is a tech-savvy journalist from Eastern Europe. He likes Hitchens’ famous quote: “Being a writer is my nature, not what I do.” In addition to encryption, blockchain and financial technology, international politics and economics Are the other two sources of inspiration.

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