Abu Dhabi prohibits cryptocurrency mining on agricultural farms

Briefly. The Abu Dhabi region is known for its popularity among cryptocurrencies. However, the local authorities have just made a decision that may slow down the work of some cryptocurrency miners. Abu Dhafsa (ADAFSA) has announced a strict prohibition on the production of cryptocurrencies on agricultural land.

The key points of this article:

• Abu Dhabi forbade mining of cryptocurrencies on agricultural lands to maintain its integrity and ensure Its agricultural use.
• Severe punishments were introduced to prevent violations, including fines and electricity.

Abu Dhabi prohibits cryptocurrency mining on agricultural farms According to the official announcement, this decision is intended keep the integrity of agricultural land and ensure their use exclusively for agricultural and livestock activities.

Indeed, several violations were found when farms used their infrastructure for cryptocurrency mining, which does not fit target agricultural use.

In addition, Adafsa stressed that this practice is jeopardizing Agricultural stability and biobeszing – two main pillars of the local economy.

Violators threaten large penalties The violators are now threatening severe punishments including a fine in size 100,000 UAE Dirhams (about 25,000 euros) which is doubled in case of recurrence.

The authority is also planning disconnect electricity from burglars and confiscate mining equipment. This event is part of the broader ADAFSA policy aimed at encouraging the responsible and sustainable use of agricultural land, as well as preventing illegal practice that can harm the environment and the local economy.

Source: Journalducoin.com