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Amid growing concerns over the energy sector in Kyrgyzstan, a former government official has argued that cryptocurrency mining is a major factor driving the energy crisis.<\/p>\n
Daniyar Akmatov, former director of the state investment protection organization, the Investment Promotion and Protection Agency, addressed the challenges in Kyrgyzstan\u2019s energy sector at a roundtable in Bishkek, local news agency Tazabek reported<\/a>\u00a0on\u00a0Wednesday.<\/p>\n
Kyrgyzstan President Sadyr Japarov recently\u00a0proposed<\/a>\u00a0raising household tariffs for electricity as a way to address the ongoing energy shortage. Japarov said that local power companies are 129 billion soms ($1.5 billion) in debt, and he claimed that the country\u2019s core power infrastructure has been outdated for years due to corruption among top state officials.\u00a0<\/p>\n
Kyrgyzstan has\u00a0sought to regulate crypto mining<\/a> activities in the country but is yet to adopt any concrete regulations.<\/p>\n
Other countries have also\u00a0blamed<\/a> Bitcoin (BTC<\/a>) mining for the energy shortages. Abkhazia has experienced an electricity crunch reportedly due to the 625 crypto mining farms that call the small autonomous region home.<\/p>\n
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