This week the minister of economy in Kosovo introduced the idea to ban cryptocurrency mining. The eastern European country is facing a major energy crisis, as it’s been hit by many blackouts. The prices for energy are high at the moment, as Russia is delivering limited amounts of gas to Europe. Kosovo takes most of its power from coal, but recent technical issues and weather problems have caused supply issues, making the country import more energy than normal. The situation where energy prices are high and a ban on crypto mining is issued, creates protests where, the protesters want the resignation of Artane Rizvanolli (Minister of economy). Government of Kosovo issued a 60-day state emergency in december, which gives them more power over the funds that go into importing energy and introducing new laws such as the one that bans crypto mining. There are many opinions that this new prohibition is not supported by the legal system in the country, and one of them is: “There is not enough of a legal basis for the ban of cryptocurrency mining, considering there is no special law that regulates this issue,”- states Arber Jashari who is a legal expert. This situation is comparable to one that happened in Iran last year, where the government banned crypto mining until 6’th of March.
Sources:
https://www.bbc.com/news/world-europe-59879760
I’d move out of there
I think that the use of cryptocurrency depends on the country. Some countries, such as Salvador, actively use it, and some, as we see, prohibit it. It seems to me that if cryptocurrency could be paid all over the world, it would be good.