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The authority on agriculture in Abu Dhabi, United Arab Emirates (UAE) issued an advisory to farmers prohibiting mining crypto on farms.&nbsp;
The Abu Dhabi Agriculture and Food Safety Authority reportedly <a href="https://www.khaleejtimes.com/uae/uae-authority-warns-of-dh10000-fine-for-crypto-mining-on-farms" target="_blank" rel="noopener nofollow">told</a> farmers that farms cannot be used as a site for mining cryptocurrencies. The government agency said the activity is considered a “misuse of the farm for purposes other than its intended use.” 
Furthermore, those caught violating this rule would face penalties of up to 10,000 UAE dirhams, worth about $2,722. 
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 Al Rawafed Agricultural Organic Farm in Abu Dhabi. Source: Gulf News
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Crypto mining is a popular way for users to earn cryptocurrencies by confirming transactions on blockchain-based networks. In exchange for completing mathematical puzzles and securing the network, miners are <a href="https://cointelegraph.com/learn/how-to-start-mining-cryptocurrency">rewarded with newly minted crypto</a>. 
While crypto mining is prohibited on farms, the UAE <a href="https://cointelegraph.com/news/uae-emerges-as-a-pro-bitcoin-mining-destination-in-the-middle-east">emerged as a pro-Bitcoin mining</a> jurisdiction in the Middle East in 2023. At the time, data showed that the UAE’s combined Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) mining capacity was around 400 megawatts, 4% of Bitcoin’s global hash rate. 
Meanwhile, even though the UAE is openly friendly to crypto, other Middle Eastern countries like Kuwait are less welcoming to digital assets. 
On July 18, Kuwait <a href="https://cointelegraph.com/news/crypto-kuwait-bans-crypto-and-virtual-assets-transactions">banned all operations</a> involving cryptocurrencies, including mining. Kuwait’s primary financial regulator, the Capital Markets Authority (CMA), confirmed an “absolute prohibition” on crypto use cases, which includes crypto mining. 
Related: <a href="https://cointelegraph.com/news/chainalysis-dubai-regional-hq-uae-crypto">Chainalysis sets up regional HQ in Dubai amid local crypto boom</a>
Despite other countries’ stances, the UAE remains a hub for many crypto-focused projects. In May alone, blockchain analytics firm Chainalysis and institutional infrastructure provider Blockdaemon expanded into the UAE. 
On May 8, Chainalysis <a href="https://cointelegraph.com/news/chainalysis-dubai-regional-hq-uae-crypto">established its regional headquarters in Dubai</a>. The firm has been engaging with local government agencies and offering advice on regulatory development, aiming to drive innovation. 
On May 13, Blockdaemon <a href="https://cointelegraph.com/news/blockdaemon-uae-abu-dhabi-expansion">opened a new office in Abu Dhabi</a>, expanding its presence in the UAE. The company said the expansion plans were approved by the Abu Dhabi Global Market, one of the country’s financial regulators. 
Crypto-native projects also believe that the UAE <a href="https://cointelegraph.com/news/dubai-crypto-licensing-regime-professionals">has been very progressive</a> when it comes to crypto. In a previous Cointelegraph interview, Chainlink co-founder Sergey Nazarov said that the government, regulators, legal system and economics of Dubai are attractive to the crypto space.
Magazine: <a href="https://cointelegraph.com/magazine/hong-kong-streaming-firm-buy-100m-crypto-worldcoin-sanctioned-asia-express/">Hong Kong streaming firm to buy $100M of crypto, Worldcoin sanctioned: Asia Express</a>

UAE agriculture authority prohibits crypto mining on farms: Report

Cointelegraph

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