November 22, 2024

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Abu Dhabi Regulator Prohibits Cryptocurrency Mining on Farms, Threatens Fines Up to $2,700

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Abu Dhabi Regulator Prohibits Cryptocurrency Mining on Farms, Threatens Fines Up to ,700
Abu Dhabi Regulator Prohibits Cryptocurrency Mining on Farms, Threatens Fines Up to ,700The Abu Dhabi Agriculture and Food Safety Authority in the UAE has issued a new advisory prohibiting the use of farms for cryptocurrency mining. The advisory explicitly states that farms cannot be repurposed for cryptocurrency mining, which authorities consider a “misuse of the farm for purposes other than its intended use. Farmers caught engaging in […]