Oman restricts cryptocurrency mining equipment sales to unlicensed operators

  • Oman’s commerce ministry warned suppliers against selling mining hardware to unlicensed operators.
  • 10 exahashes per second were consolidated under Oman’s state-run Bitcoin mining pool.
  • The new notice requires vendors to verify buyers’ licences, permits and approvals.

Oman’s Ministry of Commerce, Industry and Investment Promotion has warned companies and individuals not to sell cryptocurrency mining equipment to buyers lacking the licences, permits and approvals required to operate. Sellers must verify a purchaser’s legal eligibility before every transaction and could face legal or administrative action for failing to comply. The measure extends Oman’s state-led approach to mining, following the earlier mandate for a government-supervised Bitcoin mining pool consolidating roughly 10 exahashes per second. It also reflects regulators’ concern about mining’s high electricity demand, an issue that has affected projects including Tether’s Bitcoin mining push in Uruguay.

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