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Abu Dhabi Bans Crypto Mining on Farmland, Imposes Strict Penalties
In a fresh regulatory move, Abu Dhabi has prohibited cryptocurrency mining on agricultural land, citing environmental and land-use concerns. Violators face stiff fines, suspension of utility services, possible confiscation of mining gear, and increased penalties for repeat offenses. The measure seeks to curb energy misuse and prevent disruption to farming ecosystems.
Tags:
- crypto regulation
- mining ban
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Abu Dhabi Bans Crypto Mining on Farmland, Imposes Strict Penalties
In a fresh regulatory move, Abu Dhabi has prohibited cryptocurrency mining on agricultural land, citing environmental and land-use concerns. Violators face stiff fines, suspension of utility services, possible confiscation of mining gear, and increased penalties for repeat offenses. The measure seeks to curb energy misuse and prevent disruption to farming ecosystems.
Tags:
- crypto regulation
- mining ban
Explore:Mutual Fund Home
1 min read
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Abu Dhabi restricts crypto mining on farmland and penalizes breaches heavily.
In a fresh regulatory move, Abu Dhabi has prohibited cryptocurrency mining on agricultural land, citing environmental and land-use concerns. Violators face stiff fines, suspension of utility services, possible confiscation of mining gear, and increased penalties for repeat offenses. The measure seeks to curb energy misuse and prevent disruption to farming ecosystems.
In a fresh regulatory move, Abu Dhabi has prohibited cryptocurrency mining on agricultural land, citing environmental and land-use concerns. Violators face stiff fines, suspension of utility services, possible confiscation of mining gear, and increased penalties for repeat offenses. The measure seeks to curb energy misuse and prevent disruption to farming ecosystems.
Tags:
- crypto regulation
- mining ban
- crypto regulation
- mining ban
- UAE
- energy use
- policy