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    Bitcoin,  Regulation

    Abkhazia state-owned power firm bans all crypto mining

    The crackdown follows a warning by Russian power firm Rosseti that record bitcoin prices could cause an energy crisis in the breakaway region of Georgia

    Power firm Chernomorenergo’s general director Mikhail Valerievich Logua, an Abkhaz politician, has signed an order imposing “the immediate shutdown of all operating farms for the extraction of cryptocurrencies” in Abkhazia.