Draft
President of Belarus Alexander Lukashenko announced support for the development of mining in the country, noting that the republic has an excess of electricity, which can be effectively used to extract cryptocurrencies.
What Lukashenko said? More and more people are contacting me. If it is beneficial for us, let’s do it. We have an excess of electricity. Let them do this cryptocurrency and so on. Moreover, you see how the world goes. And especially the largest economy in the world. Yesterday they announced that they would keep the crypto in reserve — Lukashenko noted.
what does this mean for the industry?
✔ Belarus can become a new center of mining due to affordable energy carriers and milder regulation. Simplification of working conditions for miners.
✔ Following world trends, the authorities understand that cryptocurrency becomes part of the global economy.
It is expected that mining will consolidate its position as a full direction in business. Given the availability of electricity and political support, Belarus can become an attractive platform for mining projects.
