Farms in Abu Dhabi cannot be utilized for cryptocurrency mining, as stated by the authorities on Thursday. Cryptocurrency mining refers to the process of validating transactions and generating new coins in the blockchain, requiring highly advanced computers and substantial energy consumption. Although blockchain activities are permissible in the UAE, strict regulations are in effect.
The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) issued an advisory to farmers, emphasizing that crypto mining, which could lead to a significant increase in electricity expenses, is not permissible on farms. Adafsa stated, 'This activity is considered a misuse of the farm for purposes other than its intended use.'
Individuals caught mining cryptocurrency on farms will be subject to fines of up to Dh10,000, added Adafsa.
