{"id":83680,"date":"2023-08-28T19:55:26","date_gmt":"2023-08-28T16:55:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=83680"},"modified":"2025-09-12T12:39:25","modified_gmt":"2025-09-12T09:39:25","slug":"laos-imposes-temporary-restrictions-on-cryptocurrency-mining","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/laos-imposes-temporary-restrictions-on-cryptocurrency-mining\/","title":{"rendered":"Laos imposes temporary restrictions on cryptocurrency mining"},"content":{"rendered":"<p>The Lao state-owned utility \u00c9lectricit\u00e9 du Laos (EDL) <a href=\"https:\/\/edl.com.la\/announce_Post.php?id=64\">announced<\/a> a suspension of electricity supply to companies engaged in cryptocurrency mining.<\/p>\n<p>According to the statement, the drivers were extreme heat and drought. These factors have driven up electricity demand.<\/p>\n<p>EDL data show that about 95% of the country&#8217;s electricity is generated by hydropower plants. If weather conditions deteriorate, output will fall, jeopardising not only domestic issues but also Laos&#8217;s export potential.<\/p>\n<p>A representative of EDL, in an interview with <a href=\"https:\/\/laotiantimes.com\/2023\/08\/25\/laos-suspends-power-supply-to-cryptocurrency-mining-businesses\/\">Laotian Times<\/a>, also cited another reason for the restrictions. According to him, market participants &#8220;cannot pay their electricity bills&#8221;.<\/p>\n<p>In September 2021, Lao authorities <a href=\"https:\/\/u1f987.com\/en\/news\/laos-legalises-cryptocurrency-mining-and-trading\">legalised mining and trading of cryptocurrencies<\/a>, and in November <a href=\"https:\/\/u1f987.com\/en\/news\/laos-unveils-rules-for-regulating-cryptocurrencies\">unveiled regulations<\/a> for the regulation of the industry.<\/p>\n<p>In early 2022, the local central bank <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-laos-grants-first-licences-to-local-bitcoin-exchanges\">allowed<\/a> Lao Digital Assets Exchange and Bitqik to operate as regulated cryptocurrency platforms.<\/p>\n<p>Earlier in the same year, Iranian authorities <a href=\"https:\/\/u1f987.com\/en\/news\/iran-tightens-restrictions-on-cryptocurrency-mining\">warned<\/a> authorised miners about temporary power cuts due to rising electricity consumption.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Lao state-owned \u00c9lectricit\u00e9 du Laos (EDL) announced a suspension of electricity supply to cryptocurrency mining companies.<\/p>\n","protected":false},"author":1,"featured_media":83681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,2244],"class_list":["post-83680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-laos"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=83680"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83680\/revisions"}],"predecessor-version":[{"id":83682,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83680\/revisions\/83682"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/83681"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=83680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=83680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=83680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}