Kosovo Seizes Crypto Mining Devices Citing Unpaid Electricity Bills
Crypto News

Kosovo Seizes Crypto Mining Devices Citing Unpaid Electricity Bills

2m"
1 year ago

bitcoin, ethereum, litecoin, btc, eth, ltc

Kosovo Seizes Crypto Mining Devices Citing Unpaid Electricity Bills

Mục lục

According to a report from the Turkish Anadolu Agency, the Kosovo government has launched a crackdown on cryptocurrency mining in a northern municipality where Serbs make up the majority of the population.

The authorities have conducted raids and seized dozens of crypto mining devices, citing failure to pay #electricity bills as a contributing factor to the illegal activity. The move has sparked accusations and tensions between authorities in Pristina and Belgrade, as #Kosovo declared independence from Serbia in 2008, a move not recognized by the Serbian government.

Economy Minister Artane Rizvanolli has reported that 174 crypto-mining devices have been seized by the police in #Zubin Potok, with failure to pay electricity bills being cited as a reason for the illegal activity. Rizvanolli took to social media to announce the operation. The predominantly Serb northern part of Kosovo has not paid for electric power for over 20 years, and Serbia, which does not recognize Kosovo's independence, is home to the majority of the population. In contrast, the rest of the region is largely inhabited by ethnic #Albanians.

Belgrade has accused the Kosovo government of attempting to provoke tensions among Serbs in the breakaway region, in response to the recent crackdown on crypto mining. The Office for Kosovo and Metohija, which is affiliated with Serbia's #government, has criticized the police operation and characterized it as an extension of the mistreatment of the Serbian population.

The office has highlighted that the raids were conducted on Good Friday, a significant holy day for Orthodox Christians. Meanwhile, #Blerim Vela, the cabinet chief of Kosovo President Vjosa #Osmani, has claimed that Serbia is portraying the crackdown as an attack on local Serbs while supporting criminal activity in northern Kosovo.

In January 2022, Pristina banned the extraction of cryptocurrencies across Kosovo, citing the adverse impacts of the global energy crisis. Last year, hundreds of crypto-mining machines were seized, and the ban was reinstated in August. It has been reported that the outstanding electricity and water bills in four Serb municipalities in the northern region of Kosovo exceed €300 million (nearly $330 million).

0 people liked this article

Related Articles

Announcements
Baby’s Weekly Highlights #44
Take a look together for these noteworthy moments!
1 year ago
9m"
Crypto News
Bybit announces launch of global headquarters in Dubai, eyeing international expansion
On Monday, the Bybit cryptocurrency exchange platform announced its plan to launch its global headquarters in Dubai, UAE. With over 15 million users, Bybit is the third-largest and most visited cry...
1 year ago
2m"
Crypto News
UAE’s Federal Financial Regulator Opens Licensing Applications for VASPs
The United Arab Emirates’ government financial regulatory body (UAE) has stated that it would begin accepting license applications from businesses seeking to offer virtual asset services dome...
1 year ago
2m"
Crypto News
Exploring the Potential of Tokenization in Finance: Bank of England Plans for the Future
Sir Jon Cunliffe, the deputy governor of the Bank of England, discussed the topic of tokenization at the Innovative Finance Global Summit in London on April 17. The central bank is actively explori...
1 year ago
2m"
Crypto News
SEC Declares Algorand a Security, Gensler Gets Rekt for Previously Shilling It
SEC says ALGO is a security, Gensler says Algorand is a "great technology" - could this be a conflict?
1 year ago
4m"
Crypto News
How To Build a Better Crypto Portfolio (With Examples!)
One word that can be used to describe the crypto market is “Volatile” This volatility is why cryptocurrencies are risky investments, investing in the wrong crypto assets could result in significant...
1 year ago
15m"