Officials take bold action against controversial crypto activities: ‘Improper practices’
After imposing regulations on cryptocurrency, officials in Abu Dhabi are reiterating their commitment to a ban against the practice of crypto mining on land reserved for farming and ranching, as Data Centre Dynamics Ltd reported.
The Emirati metropolis has decided to once again speak out publicly on the issue after city authorities recently found evidence of cryptocurrency mining sites throughout numerous farms in the city limits. Officials are confiscating the sites’ mining equipment, and any further first-time offenders will be fined AED 100,000 (approximately $27,000), according to the news report.
The Abu Dhabi Agriculture and Food Safety Authority issued a statement saying, “ADAFSA reiterates its call to all farm…
