Abu Dhabi Bans Crypto Mining on Farmland to Promote Sustainable Agriculture
CryptocurrencyAbu DhabiUpdated 18 hours ago

Abu Dhabi Bans Crypto Mining on Farmland to Promote Sustainable Agriculture

Abu Dhabi has banned cryptocurrency mining on farms due to concerns over energy consumption. This decision aims to ensure that farmland is used solely for agricultural purposes, supporting local farmers and promoting sustainable practices. Farms engaging in mining will face penalties, including fines up to 100,000 dirhams. This move reflects a broader commitment to sustainable energy use in the region.

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Abu Dhabi Bans Crypto Mining on Farms, Citing Energy Use
NegativeCryptocurrency
Abu Dhabi has taken a significant step by banning cryptocurrency mining on farms, citing concerns over energy consumption. This decision means that farms found engaging in mining activities will face hefty penalties, including fines that can reach up to 100,000 dirhams, which is about $27,000. This move is crucial as it highlights the growing scrutiny on energy-intensive practices in the region, reflecting a broader trend towards sustainable energy use.
Abu Dhabi agricultural regulator bans use of farmland for crypto mining
PositiveCryptocurrency
Abu Dhabi's agricultural regulator has made a significant move by banning the use of farmland for crypto mining, emphasizing that these lands should be dedicated solely to agricultural purposes. This decision is crucial as it ensures that farmland remains productive and eligible for government services, subsidies, and utilities, ultimately supporting local farmers and sustainable agriculture.

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