Abkhazia

Daily Raids on Crypto Farms as Abkhazia Intensifies Mining Crackdown

February 12, 2023 Bitcoin.com

$POWER

Authorities in Abkhazia are stepping up efforts to clamp down on cryptocurrency mining amid electricity shortages in the winter months. The government of the breakaway Georgian region announced it’s also taking measures to prevent imports of mining equipment. Abkhazia Creates Headquarters to Combat Illegal Crypto Mining Operations Police in Abkhazia are conducting daily raids to […]

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Despite Criminalizing Mining, Abkhazia Uncovers Another Crypto Farm

May 19, 2022 Bitcoin.com

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Even after introducing fines and criminal liability for cryptocurrency mining, Abkhazia continues to find underground facilities for digital currency extraction. This week, law enforcement officials have confiscated dozens of mining devices from an illegal crypto farm. Abkhazia Shuts Down Crypto Farm, Seizes Mining Hardware Police in Abkhazia have closed down another crypto mining installation in […]

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Abkhazia Extends Crypto Mining Ban Till End of Year

April 6, 2022 Bitcoin.com

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Authorities in Abkhazia have decided to maintain a ban on cryptocurrency mining in the territory. The partially recognized republic in the South Caucasus is restricting the energy-intensive extraction of digital currencies, citing problems with power supply. Bitcoin Mining Remains Prohibited in Abkhazia The government of Abkhazia, a breakaway republic in Georgia, has prolonged current restrictions […]

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Abkhazia Extends Internet Restrictions for Cryptocurrency Miners

October 9, 2021 Bitcoin.com

Abkhazia

The government in Abkhazia has extended an order prohibiting access to internet sites used by cryptocurrency miners. The measure is part of a wider ban on activities related to the extraction of digital coins that also limits the use of electricity and imports of mining equipment in the breakaway Georgian republic. Authorities in Abkhazia Confirm […]

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Abkhazia Seizes 6,000 Mining Devices but Fails to Disrupt Crypto Mining

September 26, 2021 Bitcoin.com

Abkhaz

Authorities in Abkhazia have confiscated thousands of mining machines, closing down all large crypto farms, yet they have admittedly failed to put an end to illegal mining operations. The breakaway republic of Georgia has been struggling with power shortages blamed on underground miners. 30,000 Rigs Remain in the Hands of Miners, Government Says In recent […]

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Russian Court Confirms Arrest Warrants for 3 Finiko Founders

September 20, 2021 Bitcoin.com

Abkhazia

Tatarstan’s highest court has rejected appeals against arrest warrants issued for three co-founders of the notorious Finiko crypto pyramid. The top representatives of the Ponzi scheme, accused of large-scale fraud in Russia, are still hiding abroad, media reports reveal. Three Finiko Ponzi Scheme Members Still Wanted The Supreme Court of Tatarstan, a republic of the […]

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining Hardware

August 6, 2021 Bitcoin.com

Abkhaz

Authorities in Abkhazia have closed down two crypto mining farms that have been illegally connected to the power grid. The facilities were minting digital coins in violation of a mining ban imposed by the government to mitigate electricity shortages. Over 80 Mining Rigs Confiscated From Crypto Farms in Abkhazia Dozens of mining rigs have been […]

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Abkhazia Holds Talks With Russia to Ensure Electricity Supply for Crypto Miners

July 24, 2021 Bitcoin.com

$POWER

The government of Abkhazia is negotiating with Russia to solve a problem that led to a ban on cryptocurrency mining. The partially recognized republic in the South Caucasus is now planning to legalize the industry and source sufficient power supplies from its energy-rich northern neighbor. Abkhazia Wants to Create Conditions for Cryptocurrency Mining The autonomous […]

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown on Mining

June 16, 2021 Bitcoin.com

$POWER

Authorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents have disconnected more than 300 mining devices from the grid and fined an operator. Over 300 Mining Rigs Cut Off From Electricity Supply in Abkhazia […]

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Abkhazia Plans to Criminalize Crypto Mining as Energy Crisis Deepens— Extends Temporary Ban

April 3, 2021 Bitcoin.com

Abkhazia

Crypto mining in Abkhazia is still a hot potato for the de facto state government, which is now determined to criminalize such activities. Continuous massive power disruptions, in parallel, are fueling the anger of the people towards crypto miners. Public Officials to Face Bigger Penalties According to a report published by E Daily, the Abkhazian […]

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan