Oman has moved to stop the sale of cryptocurrency mining equipment to unlicensed operators, with the Ministry of Commerce, Industry and Investment Promotion warning companies and individuals against supplying hardware to buyers who have not secured the required permits, according to Gulf News. The ministry said it had detected cases in which mining equipment was sold or supplied to individuals and entities that lacked the licences, permits and approvals needed to run mining operations, and it issued a formal notice to close that gap and tighten the rules.
New Restrictions on Equipment Sales
Under the notice, sellers are prohibited from completing any transaction involving cryptocurrency mining equipment unless the buyer is legally authorised to carry out mining activities. Suppliers must verify before every sale that the purchaser holds all required licences, permits and approvals from the competent authorities, and must establish that the buyer is legally eligible to undertake mining in the Sultanate. The ministry warned that companies and individuals who fail to comply with these checks could face legal and administrative action under the laws and regulations currently in force in the country. The requirement effectively shifts the burden of due diligence onto vendors, which must now screen buyers against licensing records before transferring any hardware.
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