Abkhazia extended the ban on mining until the end of 2022

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Until December 31, the mining of cryptocurrencies and the import of goods necessary for this activity are prohibited

Abkhazia extended the ban on mining until the end of 2022

04.04.2022 - 15:05

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What’s new? On April 1, the Cabinet of Ministers of Abkhazia announced an extension of the ban on mining cryptocurrencies until the end of the year. The resolution is published on the department’s official website. The republic has banned cryptocurrency mining and the import of goods that are intended for mining until December 31, 2022.

Resolution of the Cabinet of Ministers

What had happened before? In December 2020, Abkhazia announced a ban on mining due to frequent power grid failures and power shortages.

Information on the Sputnik website

In October 2021, Abkhazian President Aslan Bzhania reported the construction of an IT park dedicated to mining digital assets. The head of state announced that a new substation in Gyachripsh will be used to power the technopark park.

Author:

Editorial GetBlock Magazine

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