In a bold move, the Abkhazian authorities have decided to escalate their battle against illegal cryptocurrency mining. The operational headquarters, established in 2020 to combat this issue, announced their plans to immediately destroy confiscated <a href="https://ultramining.com/news/en/immersion-cooling-transforms-chinas-crypto-mining-landscape/" rel="noopener noreferrer nofollow">mining equipment</a>. This decision stems from the ongoing energy crises plaguing the region, particularly during autumn and winter, according to <a href="https://bits.media/vlasti-abkhazii-budut-unichtozhat-oborudovanie-podpolnykh-maynerov/" rel="noopener noreferrer nofollow">bits.media</a>.&nbsp;&nbsp;Abkhazia, already struggling with energy shortages, faces additional pressure as it now purchases energy from <a href="https://ultramining.com/news/en/russia-s-energy-ministry-charges-forward-to-legalize-crypto-mining/" rel="noopener noreferrer nofollow">Russia</a> on commercial terms. Sukhum Mayor Beslan Eshba highlighted the success of the operational headquarters in reducing the strain on power grids over the years. However, with the energy situation worsening, tougher measures are deemed necessary.Task forces will be formed to locate and dismantle underground crypto mining setups. These teams will comprise representatives from various departments including the State Standard, SUEZ, and the Department of Internal Affairs. Mayor Eshba emphasized the need for a stringent approach, indicating that any equipment seized from <a href="https://ultramining.com/news/en/large-scale-cryptocurrency-mining-farm-uncovered-in-dagestans-kizilyurtovsky-district/" rel="noopener noreferrer nofollow">illegal miners</a> will be destroyed on the spot.It's important to note that cryptocurrency mining has been banned in Abkhazia since late 2020, rendering all such activities illicit. The latest measures reflect the government's firm stance on enforcing this ban and addressing the associated energy crisis.

Abkhazia Intensifies Crackdown on Illegal Crypto Mining

Ultramining_Eng

Other articles published on Nov 17, 2023

‘Withdrawals will commence on November 20’- Patricia CEO Hanu Fejiro assures customers

WisdomTree Revises Spot Bitcoin ETF; SEC May Delay Comments: Bloomberg Analyst

SEC Seeks Court Order for Elon Musk’s Testimony in Twitter Acquisition Probe

BIS Report: None of the Stablecoins In the Market Allow Full Redemption

Mastercard sees no justification for consumers to use CBDCs

Ecosystem debate ignites over Polkadot leadership strategies as Parity CEO focuses on innovation

Join our free newsletter for daily crypto updates!