Tajikistan’s Crypto Mining Laws: New Hurdles, New Hope
Tajikistan is laying down the law—with laws that is. To tackle illegal Bitcoin mining, the country has rolled out hefty fines and prison terms for those caught siphoning electricity. This isn’t just a crackdown; it’s a lifeline for startups willing to operate within the law. But is this a good thing?
The Nuts and Bolts of the New Laws
What are we looking at? The Tajik parliament has approved a new law that imposes severe penalties for those caught mining Bitcoin using stolen electricity. We’re talking fines ranging from 15,000 to 37,000 Somoni (around $1,650 to $4,000) for a basic offense. If you’re part of an organized group, you could face up to 75,000 Somoni (about $8,250) and even prison time of two to five years. And if…
