Georgia cracks down on illegal crypto mining in Mestia with mass meter installation

Georgia will reportedly install electricity meters across Mestia to curb illegal crypto mining after officials blamed miners for grid strain and outages.

Georgia will install meters in Mestia after officials said illegal crypto mining drove 2025 power use to 133M kWh and caused $9.4M losses.

Georgia, Tbilisi, 1st June 2026, Chainwire The post Swapzone Adds Real-Time KYC and Execution Data to Pre-Swap Interface appeared first on The Daily Hodl.

Online queries are more likely to turn up references to the U.S. state — a problem for the republic in the Caucasus and its people. But a move to drop the name “Georgia” has lost steam.

Tether–Georgia GELT plan may test private currency issuance as an 'official' lari stablecoin. We compare models, risks, and what on/off-ramps must prove.

Tether has announced plans to launch GEL?, a stablecoin pegged to the Georgian Lari, in partnership with the Government of Georgia. The announcement marks one of the first efforts to place a national currency directly onto digital asset infrastructure under a purpose-built stablecoin regulatory framework. Tether’s USD? carries a market capitalization approaching $190 billion, with […] The post Digital Asset Giant Tether To Launch ‘Official Stablecoin of Georgia’ in Partnership With Government appeared first on The Daily Hodl.

Britain has imposed sanctions on several crypto-related firms and financial networks linked to Russia, including entities registered in the United Arab Emirates and Georgia, as part of a new crackdown on sanctions evasion tied to Moscow’s war economy. According to…