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Abkhazia extended the ban on mining until the end of 2022

Abkhazia extended the ban on mining until the end of 2022

On April 1, the Abkhazian Cabinet extended restrictions for cryptocurrency miners. The corresponding decree was published on the official website.

Until December 31, 2022, cryptocurrency mining and the importation of goods intended for this activity is prohibited in the republic.

Recall, in 2020, Abkhazia introduced a ban on mining amid a shortage of electricity and frequent accidents on power grids due to overloads.

Later, the authorities approved fines and criminal liability for such activities.

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