From the Soviet Riviera to Bitcoin's Paradise: The Unforeseen Case of Abkhazia

... resources because Abkhaz authorities are unable to pay their debts to Russian suppliers. There is however a revival of interest in renewable energy in the region due to recent events and the rise in the price of cryptocurrencies, the best known of which is Bitcoin, that is attracting many investors who are developing “farms” (the name given to places mining Bitcoin) in Abkhazia. Michael Lambert: Consequences of the Diplomatic Recognition of Abkhazia by the Syrian Arab Republic (2018) To begin with,...