Abkhazia extended the ban on mining until the end of 2022
Until December 31, the mining of cryptocurrencies and the import of goods necessary for this activity are prohibited
04.04.2022 - 15:05
469
1 min
0
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.
Useful material?
Telegram 
Twitter Market
Due to supply shortages, the asset’s pre-market exchange rate was climbing above $1000
Dec 16, 2024
Incidents
Reports about the hacking of the exchange with calls to withdraw assets began to spread on December 13
Dec 13, 2024
Crypto regulations
Stablecoins from issuer Circle will not be affected by the changes
Dec 12, 2024
Crypto regulations
The platform will launch after meeting the preconditions of the local exchange authority
Dec 9, 2024
Market
The $1,1 billion figure was reached after the bitcoin correction
Dec 6, 2024
Crypto regulations
By early January, all open positions and loans of local users will be closed and repaid automatically
Dec 5, 2024
Cryptocurrency rates
-
Bitcoin
$92 910
BTC
-2.69%
-
Ethereum
$3 292.61
ETH
-0.83%
-
Ripple
$2.15
XRP
-3.97%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.306073
DOGE
-3.1%
-
Cardano
$0.871368
ADA
-2.44%
-
Stellar XLM
$0.350782
XLM
-2.7%
-
Polkadot
$6.9
DOT
-0.91%
-
Bitcoin Cash
$433.75
BCH
-3.12%
-
Litecoin
$100.06
LTC
-1.1%