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Kuwait Cracks Down on Illegal Crypto Mining to Protect National Grid
The government is disconnecting power from mining-linked properties and conducting follow-up sweeps.
Updated May 1, 2025, 4:34 p.m. Published May 1, 2025, 12:20 p.m.
What to know:
- Kuwaiti authorities are cracking down on illegal cryptocurrency mining.
- The government aims to curb unauthorized power usage that has strained the national grid and led to blackouts.
- Over 60 individuals are under investigation, and power has been disconnected from mining-linked properties.
Kuwaiti authorities are cracking down on illegal crypto mining, with over 60 individuals now under investigation, as part of a sweeping campaign to root out unlicensed operations.
The country's Public Prosecution confirmed the investigations are ongoing and warned that more suspects could be identified in the coming weeks. The “security operation,” carried out last Friday, targeted residential properties across the country suspected of hosting mining rigs, according to local media.
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The operation was coordinated by top officials, including Acting Prime Minister Sheikh Fahad Al-Yousef and Minister of Electricity Dr. Subaih Al-Mukhaizeem. The government said it aims to curb unauthorized power usage that has strained the national grid and led to blackouts in some areas.
The Ministry of Electricity has begun disconnecting power from mining-linked properties. Reconnection will only be permitted with clearance from the Ministry of Interior. Officials are also conducting follow-up sweeps in various neighborhoods.
Kuwait has enforced an “absolute ban on all virtual asset/cryptocurrency mining activities” under a directive from its anti-money laundering committee that was backed by regulators including the National Bank of Kuwait.
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Что нужно знать:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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O que saber:
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