Oman's authorities launched the second center for mining cryptocurrencies – Bits Media

Ministry of Transport, communication and information technology of Oman (Mtcit) announced the opening of the second in the Sultanate of the Center for Data Processing and Mining Crypto Activates.

The new AFAAQ For Advanced Technologies Center was opened in the free zone. According to the local newspaper Оmanobserver, The volume of investments, aimed at the implementation of the project, Compiled more $390 million. All, According to MTCIT, Investments in the mining industry of the sultanate exceeded $740 mln.

According to the Oman authorities, This will help increase the effectiveness of the digital economy of the Sultanate, will provide local residents with additional opportunities for employment and turn the country into the global center of hosting and cryptocurrency mining in the Middle East.

Expected, that by October, the Oman mining equipment park will be at least 17 000 devices, And new regions will join the project, Such as al-Jebel-Al-Ahdar and Muhafaz Al-Dahilia.

Previously, the Office of the Capital Market Sultanate Oman (CMA) announced the preparation of the draft regulatory framework for regulation of digital assets and the intention to legalize the digital currency market.