Cryptocurrency mining banned in Moldova

  • 08:46 Oct 26, 2022
  • 215
Cryptocurrency mining banned in Moldova

The country's Emergency Situations Commission made this decision due to the energy crisis.

Moreover, the ban applies:

  • cryptocurrency mining
  • imports of mining equipment (regardless of where the importing company location)

Maia Sandu, the president of Moldova, said that the energy crisis was the largest in history. The head of state called for the development of special measures that would reduce energy consumption.

As a result, alternative supply channels are selected, and a set of measures is created, which will mitigate the negative impact on the economy and population of the country.

The increase in prices for resources and the energy crisis not only increases the costs of miners and complicates their work but also puts the process of cryptocurrency mining under threat of prohibition. It is due to the high level of electricity consumption.

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