Kosovo Seizes Hundreds of Crypto Mining Machines in Crackdown – Mining Bitcoin News

Kosovo police seized another batch of more than 200 mining devices as part of the raids that began on Thursday. The offensive against underground crypto farms was launched after authorities in Pristina banned the power-hungry digital currencies strike amid the country’s energy crisis.

Kosovo authorities confiscate mining equipment in predominantly Serb north

Law enforcement officials in Kosovo have confiscated hundreds of mining machines as part of efforts to curb cryptocurrency mining activities in the face of power shortages. One person was arrested during the last police operation in the predominantly Serbian northern part of the country.

A statement issued by the Kosovo police revealed that authorities seized 272 devices used for the production of cryptocurrency in the municipality of Leposavic, AFP reported. “All the action took place and ended without incident,” Interior Minister Xhelal Svecla noted in a Facebook post.

Finance Minister Hekuran Murati also took to the social media platform to point out that the estimated monthly consumption of mining equipment is as much as the power used by 500 households, valued between 60,000 and 120,000 euros. Murati also said:

We cannot allow the illegal enrichment of some at the expense of taxpayers.

The new seizure brought to 342 the total number of mining rigs confiscated since raids on miners began earlier this week, according to Interior Ministry data. The crackdown began after the government in Pristina halted all mining operations on Tuesday, citing the growing electricity deficit during the cold winter months.

Mining crackdown threatens to increase ethnic tensions

Amid the government’s offensive against mining facilities, tensions are high between the central government of Kosovo, dominated by ethnic Albanians, and ethnic Serbs who form a majority in four municipalities in the north of the partially recognized republic. from South East Europe. The Serbs do not accept the authority of Pristina and have not paid for electricity for more than two decades, since the Kosovo war of 1998-1999.

The country’s public service still covers its bills from its own income and, according to estimates cited by local media, the total stands at 12 million euros per year. The current energy crisis, exacerbated by insufficient local production and rising import prices, has brought the issue to the fore. Police also carried out two raids in predominantly Albanian areas, seizing 70 mining devices.

The ban on crypto mining was presented by Economy Minister Artane Rizvanolli as an emergency measure, along with other measures proposed by a special parliamentary committee. However, critics have expressed doubts about its legality, as minting digital currencies is not prohibited under current legislation. A cryptocurrency regulation bill submitted to parliament in October has yet to be passed.

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Do you expect the Kosovo authorities to continue their crackdown on cryptocurrency miners? Share your thoughts on the subject in the comments section below.

Lubomir Tassev

Lubomir Tassev is a tech-savvy Eastern European journalist who likes Hitchens’ quote: “Being a writer is what I am, rather than what I do. Besides crypto, blockchain, and fintech, international politics and economics are two other sources of inspiration.

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