Laos halts electricity supply to crypto mining projects amid drought

Laos state-owned electricity distribution company Électricité du Laos (EDL) has announced that it will suspend electricity supply to crypto mining operations in the country, citing various reasons such as the struggle to generate enough power amid drought conditions.

In other news, the Sultanate of Oman, a country located on the southeastern coast of the Arabian Peninsula, has launched a $370 million crypto-mining center. On Aug. 22, the center was opened in a special economic zone called the Salalah Free Zone. A local company, Exahertz, will run the center with the Dubai-based blockchain firm Moonwalk Systems.

Meanwhile, a Chinese official was sentenced to life in prison for corruption in operating a Bitcoin mining enterprise. On Aug. 22, Xiao Yi, a Chinese politician, was given a prison sentence for abuse of power and corruption. According to prosecutors, Yi covered up the mining operations by instructing departments to fabricate reports and adjust the electricity consumption.

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Magazine: China’s 180M digital yuan airdrop, Devastation in Turkey, Laos’ CBDC: Asia Express