The Cabinet of Ministers of Abkhazia has adopted a series of measures to regulate mining, and set electricity tariffs for miners, according to the cabinet’s official website.
On measures regulating mining by ForkLog on Scribd
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The decree \”On Measures to Regulate Cryptocurrency Mining\” establishes a temporary framework for regulating mining until the Abkhazian Ministry of Economy develops the corresponding legislative framework.
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The ministry is to draft a bill defining cryptocurrency mining, approve licensing rules for mining, and establish rules for forming a single register of mining equipment within no more than 30 days.
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The state-owned company \”Chernomorenergo\” should determine the parameters of permissible electricity consumption within 45 days.
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The decree prohibits the import of mining equipment for 60 days.
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It provides for registering miners as legal entities or individual entrepreneurs, and requires the Ministry of Economy to receive registration data and mining equipment details for inclusion in a single register no later than 7 November 2020.
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According to the appendix to another cabinet resolution, the tariff for legal entities and individual entrepreneurs mining cryptocurrencies will be 1.50 rubles per kWh.
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On electricity tariffs by ForkLog on Scribd
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In December 2018, the Abkhaz authorities banned mining, but did not prescribe clear sanctions against violators.
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In the first six months of 2020, mining equipment was imported into Abkhazia worth 84 million rubles.
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According to local media, due to mining Abkhazia’s power system has become on the verge of a crisis.
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In September, Abkhazia’s President Aslan Bzhania stated that the authorities would not ban mining, but would regulate it.
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