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Abkhazia considered bills on fines and criminal liability for mining

The Parliamentary Committee for State and Legal Policy of Abkhazia has considered the revised draft laws establishing fines for mining activities in the country.

As reported Sputnik, one of the documents introduces administrative liability for illegal connection to power grids for the extraction of cryptocurrencies. For ordinary citizens, individual entrepreneurs and legal entities, the fine will be 40 Minimum wage for each kilowatt of power of the connected equipment, for officials – 3000 minimum wages.

For a repeated violation, the fine is increased, and the confiscation of equipment is also provided.

Deputy Natalie Smyr noted that it is necessary to specify the terminology in the bill:

“The minimum wage in Abkhazia for commercial organizations is set at 5,000 rubles. And the tax-free minimum is set at 60 rubles, ”she stressed.

The amendments also provide for criminal liability. Citizens are offered to be punished with imprisonment for a term of one to three years with confiscation of property for illegal consumption of electricity for mayining over 300 kilowatts.

The bills have already been adopted in the first reading. Now the committee has voted to submit them to a sitting of parliament.

Recall due to energy-intensive mining the power system of Abkhazia is on the brink of a crisis

At the end of 2020, the authorities of Abkhazia banned mining, and also limited the import of equipment for the extraction of cryptocurrencies until June 1, 2021.

About plans introduce fines, confiscation of equipment and criminal liability for mining became known in January.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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