Talk of Abkhazia's prospective currency also coincides with a debate in Russia, Abkhazia’s financial backer, about its own crypto-choices. After some flip-flopping, Moscow now appears to be preparing ...

Breakaway Abkhazia plans to launch its own cryptocurrency in a bid to avoid potential sanctions and attract international investment, according to the territory’s de facto economy minister ...

How Abkhazia is going to reconcile its big cryptocurrency plans with the problem of electricity shortage remains unclear. As far as the energy company is concerned, regulations are needed to keep the ...

People in Abkhazia are infuriated by rolling power outages that are disrupting daily lives. They’re also angry at the cryptocurrency “miners” who are sucking the electricity grid dry.

Bitcoin (CRYPTO: BTC) mining in Abkhazia, a partially-recognized breakaway republic of Georgia, is shaping up to be a dangerous pursuit.

The Russian ruble is their official currency. They communicate predominantly in the Russian language. And at least 3,800 Russian troops are based on their territory, ... A aerial view of Abkhazia.

Abkhazia has drifted closer to Russia in the decade since the 2008 war. The Russian rouble is its official currency, and various state assets have been sold or leased to Russian companies. Gardens ...