Libya cracks down on illegal crypto mining, arrests 50 Chinese nationals
On June 22, authorities in Libya searched and arrested several individuals as part of their efforts to combat illegal crypto mining in the country. The raid in a data center resulted in the detention of 50 Chinese nationals. Libya crackdown on illegal crypto mining During a search by interior ministry agents at a farm in Zliten, located 160 kilometers east of Tripoli, they reported that minors were generating virtual currencies with the assistance of the detained Chinese individuals. You might also like: Global regulators scrutinizing Binance, bitcoin breaks above $31,000 on rising institutional adoption| Weekly recap In a video shared on Facebook by the Tripoli prosecutor’s office, the crypto - mining operations were conducted in structures without windows, housing numerous industrial fans and a significant quantity of computers and hardware. This occurred shortly after prosecutors announced the dismantling of another illegal crypto-mining farm in the port city of...