Chechnya Plays Rough Against Illegal Mining

The authorities of the Republic of Chechnya announced their intention to strengthen measures to fight illegal mining farms - the State Duma deputy Adam Delimkhanov stated.

“A key role is given to the suppression of theft of electricity. In particular, uncompromising work will be intensified to identify large cryptocurrency miners that illegally consume electricity, thereby damaging the region’s energy sector,” Delimkhanov said.

Important to note is that the launch of the national mining pool was announced on the territory of the Republic of Chechnya back in 2018. This was the first step towards the implementation of the state program “Crypto Chechnya”. Earlier we wrote that the head of the Central Bank of Russia confirmed the interest of the country in stablecoins. To keep up with the latest news in the world of cryptocurrencies and the blockchain industry, check out updates on TheCoinShark.