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Moldova has banned crypto mining activities and the importation of its equipment because of the growing energy crisis, EPrimeFeed reported Oct. 26. According to the report, Moldova’s Commission for Emergency Situations (CES) decided to embrace this measure in light of the energy crisis that has engulfed the region. Reports revealed that Moldovan President Maia Sandu ordered government agencies to save electricity and also assess the impact of the soaring energy cost on citizens. Besides banning crypto mining activities, the authorities also introduced other electricity-saving measures like shutting down escalators within dedicated hours and turning off fountains and advertising, decorative, and architectural lighting. Moldova is currently facing an energy crunch due to Ukraine’s inability to continue exporting 30% of the electricity it needs. Apart from that, Russia-owned Gazprom had informed the European country that its gas flows would be further reduced, and so will its electricity supplies from Transnistria.

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【Moldova bans crypto mining amid energy crisis】Moldova has banned crypto mining activities and the importation of its equipment because of the growing energy crisis, EPrimeFeed reported Oct. 26.

According to the report, Moldova’s Commission for Emergency Situations (CES) decided to embrace this measure in light of the energy crisis that has engulfed the region. Reports revealed that Moldovan President Maia Sandu ordered government agencies to save electricity and also assess the impact of the soaring energy cost on citizens.

Besides banning crypto mining activities, the authorities also introduced other electricity-saving measures like shutting down escalators within dedicated hours and turning off fountains and advertising, decorative, and architectural lighting.

Moldova is currently facing an energy crunch due to Ukraine’s inability to continue exporting 30% of the electricity it needs. Apart from that, Russia-owned Gazprom had informed the European country that its gas flows would be further reduced, and so will its electricity supplies from Transnistria.

Moldova bans crypto mining amid energy crisis

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