Moldova Bans Cryptocurrency Mining Amid Energy Crisis Caused by War in Ukraine – Mining Bitcoin News

The government of Moldova has decided to suspend crypto mining activities in the country as it’s facing a major energy crisis. This is an emergency measure to cut power consumption as energy supplies are dwindling because of the conflict in Ukraine.

In Moldova, authorities prohibit Bitcoin mining and hardware imports for power conservation

The winter is approaching and cryptocurrency mining has been targeted in Moldova. The country’s government took steps this week to limit electricity consumption, including imposing a complete ban on the extraction of digital coins.

The prohibition comes after Moldovan President Maia Sandu urged ministers to introduce restrictions to save power during a meeting of the Eastern European nation’s Security Council. Although their industry is not a major consumer, crypto miners were among the first to be affected by the cutbacks.

Deputy Prime Minister Andrei Spînu took to Telegram earlier to warn about the expected electricity shortages, blaming Russian air strikes on Ukraine’s energy infrastructure and reduced natural gas supplies by Russia’s energy giant Gazprom.

Spînu asked Moldovans to act in solidarity and with responsibility in order to avoid blackouts and disconnections. Spinu asked businesses to switch off decorative or advertising lighting and adjust their production hours. He also suggested that generators be used if they are available between 7 and 11 p.m.

On Tuesday, Moldova’s Commission for Emergency Situations approved a number of measures to address the energy crisis. The Commission for Emergency Situations in Moldova also approved measures to address the energy crisis. It banned all imports of cryptocurrency mining equipment. It was quoted by the RIA Novosti news agency as saying:

Activities for the mining of crypto assets are prohibited, as well as the import of specialized equipment…, regardless of the location of the importing company.

The authorities in Chișinău also recommended that Moldovans reduce electricity consumption by using elevators less often, especially during peak hours, and limiting the lighting of commercial building facades and billboards. The authorities have also instructed local governments to lower street lighting.

This story contains tags
Crypto, crypto miners and crypto mining. Cryptocurrencies. Cryptocurrencies. Electricity. Energy. Energy crisis. Measures. Miners. Mining. Russia. Ukraine. Ukraine.

What do you think about the possibility that Moldovan cryptominers can survive these energy cuts? Please comment below with your opinions.

Lubomir Tassav

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

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