The Minister of Economy, Artane Rizvanolli, days ago took a decision on emergency measures to face the energy crisis that has already gripped the country. All this has come after the recommendations of the Technical Committee for Emergency Measures in Energy Supply, which was recently formed by the Ministry of Economy itself.

As a result, these measures include banning the production of cryptocurrencies throughout the territory of Kosovo, as they spend a lot of energy on production, according to the Economic Bulletin.

Through an announcement on the official website of the ministry, the latter has announced that all relevant institutions are obliged to identify the locations of production of cryptocurrencies and to immediately stop the activity in question.

“These measures include the prohibition of the production of cryptocurrencies throughout the territory of the Republic of Kosovo, where all relevant institutions are obliged to identify the locations of cryptocurrency production and to prohibit the activity in question,” the statement reads.

We recall that the proposal of the ministry for emergency measures, provided for the undertaking of specific measures but also the establishment of the Technical Committee within the Ministry of Economy in order to identify and submit recommendations to the Minister of Economy.

The Technical Committee formed by the ministry, consists of representatives of all relevant institutions such as; Ministry of Economy (ME), Energy Regulatory Office (ERO), Transmission System and Market Operator (KOSTT), Kosovo Energy Corporation (KEK), Distribution System Operator (KEDS), Universal Service Provider (KESCO) ), The Ministry of Industry, Entrepreneurship and Trade (MINT), the Ministry of Internal Affairs (MIA), the Independent Commission for Mines and Minerals (ICMM) and the Kosovo Competition Authority (KCA).

This committee is intended to identify and recommend the implementation of measures to address the negative effects of the circumstances created on the basis of which the Ministry of Economy will take decisions and publish restrictive measures.

In addition, in a statement from the ministry days ago, it was stated that based on these recommendations, the Government as an emergency measure will impose special obligations on energy enterprises in order to address any sudden or long-term lack of energy production capacity , power transmission or distribution capacity.