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The autonomous Republic of Abkhazia located in northwestern Georgia is in talks with the Russian Federation about obtaining power to meet its demands. The negotiations also encompass those in the energy-intensive crypto mining business, according to Forklog.
Despite a temporary mining ban enacted in 2018, the activity is said to have pushed the country to the edge of an energy catastrophe last year, prompting regulators to prolong the ban until March 2022. For the illicit use of electrical power to manufacture digital currency, fines and criminal liability were established, and a number of mining companies were shut down
Despite a temporary mining ban enacted in 2018, the activity is said to have pushed the country to the edge of an energy catastrophe last year, prompting regulators to prolong the ban until March 2022. For the illicit use of electrical power to manufacture digital currency, fines and criminal liability were established, and a number of mining companies were shut down
