TechFlow news, on December 19, Libyan authorities are intensifying efforts against illegal cryptocurrency mining, sentencing nine individuals to three years in prison in November 2025 for Bitcoin mining operations within a steel plant. Despite Libya's Central Bank banning cryptocurrency transactions in 2018, the country has become a leader in Bitcoin mining across the Arab and African regions, leveraging its electricity costs as low as $0.004 per kWh, accounting for approximately 0.6% of global Bitcoin hash rate in 2021. It is estimated that cryptocurrency mining consumes about 2% of Libya's national power output, further exacerbating the country's electricity shortages. Experts call for legislative regulation to integrate mining activities into the national economic framework rather than relying solely on prohibitions.
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