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Crypto Mining Crackdown: Abkhazia Shuts Down Eight Mining Farms

Authorities in the partially recognized South Caucasus republic, Abkhazia, have identified and shut down eight crypto mining farms over the past two weeks. This clampdown involved mining facilities that operated in breach of the country’s ban on cryptocurrency mining. According to an official statement on the Ministry of Interior’s website, Abkhazian authorities have disconnected over […]

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Bitcoin Mining Clampdown in China Reaches Yunnan Province

Another province in China has taken a stand against Bitcoin mining operations in the region as the Chinese government intensifies efforts to wean the nation of cryptocurrency activities. Over the weekend, Yunnan provincial authorities disbursed a memo ordering an investigation into the illegal use of electricity by individuals and companies in Bitcoin mining. The China […]

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Iran Temporarily Halts Cryptocurrency Mining Operations Following Blackout

The President of Iran, Hassan Rouhani, has announced a four-month ban on all cryptocurrency mining activities ahead of elections. The announcement came on Wednesday, a day after the Iranian Energy Minister, Reza Ardakanian, apologized for unexpected power cuts across large cities. Iranian public officials have always blamed unlicensed cryptocurrency mining operations for consuming significant amounts […]

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