UAE Agriculture Authority Bans Cryptocurrency Mining on Farms
Crypto mining farms can receive a fine up to 10,00 dirhams or $2722 in Abu Dhabi. The Abu Dhabi Agriculture authority for UAE issued a notification for advising farmers about prohibiting all sorts of crypto mining activities on the farming land. As per the reporters, the Agriculture and Food Safety Authority has notified farmers that
Hassan Mehmood (Saudi Arabia)Updated 3 min read
Crypto mining farms can receive a fine up to 10,00 dirhams or $2722 in Abu Dhabi. The Abu Dhabi Agriculture authority for UAE issued a notification for advising farmers about prohibiting all sorts of crypto mining activities on the farming land.
As per the reporters, the Agriculture and Food Safety Authority has notified farmers that they cannot allow miners to set up operations on the premises.
The government officials have noticed that this activity is viewed as a misuse of farms and classified as a legal violation for the land grants that are going away from the intended utility.
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