Abkhazia to lift ban on crypto mining

Cointelegraph

Published Sep 18, 2020 04:02PM ET

Updated Sep 18, 2020 05:40PM ET

The de facto state of Abkhazia threw the towel on its fight against crypto mining, with the president recently announcing measures to lift the nation’s current ban.

According to Finanz.ru, Aslan Bzhania stated on Thursday that his government plans to introduce “the most optimal mechanism” to regulate crypto mining, rather than maintaining the state’s current prohibition on blockchain-related activities.

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