Amid growing concerns about the energy sector in Kyrgyzstan, a former government official said the cryptocurrency was a major contributor to the energy crisis.
Local news agency Tazabek reported on Wednesday that Daniyar Akmatov, former director of the state investment protection and protection agency, raised concerns in Kyrgyzstan’s energy sector at a roundtable in Bishkek.
The former official said cryptocurrency operations are causing problems for the country’s energy sector, along with other factors such as the depreciation of the Kyrgyz region and poor marketing of energy investments.
“Energy consumption has increased due to cryptocurrency mining, and this has led to an energy crisis,” Akmatov said, adding: this. “…
Kyrgyz President Sadir Jabarov recently proposed raising electricity tariffs for the population as a way to deal with the ongoing energy shortage. Local energy companies owe $ 129 billion ($ 1.5 billion), Jabarov said, and said the country’s most important energy infrastructure has been outdated for many years due to corruption among top officials.
Kyrgyzstan has tried to regulate cryptocurrency mining in the country, but has not yet adopted any specific rules.
Other countries also blame Bitcoin (BTC) mining for a lack of energy. Abkhazia is said to be experiencing a shortage of energy due to the presence of 625 encrypted mines which the small autonomous region is home.