X
X

Abkhazia: Counting on a Cryptocurrency

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, Adgur Ardzinba.

Whether the de facto Abkhaz government can pull it off is unclear, but, if successful, the idea could give separatist regions throughout Eurasia an example of how to diversify the options for their financial survival.

“The advantage of this [cryptocurrency] market has to do with the fact that any citizen in the entire world can invest in our economy, not fearing sanctions or other awkward limitations placed on us by the international community,” Ardzinba posited in an October interview with Abkhazia’s official Apsnypress news service.

To read the full story

Abkhazia: Counting on a Cryptocurrency

1 / 1
X
> <