Thu. Jun 13th, 2024

In the UAE, farmers were banned from mining

Natasha Kumar By Natasha Kumar May27,2024

Agrarians have been banned from mining in the UAE< /p>

In Abu Dhabi (UAE), the Department of Agriculture and Food Safety has banned agricultural companies from mining bitcoins. Khaleej Times reported this.

Emirate authorities are concerned that mining on agricultural farms could lead to a sharp consumption of electricity. Accordingly, such activity, according to the authorities, is considered illegal use of farms “for purposes other than its intended use”.

If violations are detected, fines of 10,000 dirhams (about $2,720) are promised.

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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