The President of Belarus, Alexander Lukashenko, has charged Belarusians to mine cryptocurrency with the available electricity surplus. President Lukashenko made the statement during a recent meeting with the state-owned company JSC Belaruskali, one of the world’s leading producers of potash fertilizers. The President noted that Belarusians are unwanted abroad, except for farming jobs.
In a video posted by the Пул Первого Telegram channel, Lukashenko noted that: “We must understand, they are not waiting for us anywhere. And if someone is, it may be on the plantations.” The head of state added that guest workers struggle for jobs in strawberry farms in Poland and Germany.
At a visit to Pietrykaw, a town situated in the southern Gomel area—where he was also present for the opening ceremony of a mining and processing plant—Lukashenko continued to spread his crypto mining support. He noted that the area abounded with vacant industrial sites, calling on the audience to utilize the bountiful resources for greenhouse erections. The head of state added that:
“Create something on electricity. In the end, start mining cryptocurrency or whatever it’s called. There is enough electricity in the country.”
Belarus has Strong Support for Cryptocurrency Industry
In March 2018, crypto-based businesses gained legislative recognition in Belarus, following a presidential decree.
In April 2019, President Lukashenko called for the erection of Bitcoin farms at the nuclear power plant in Grodno along the Lithuanian border, to capitalize on the surplus electricity generation by the NPP (Belarus Nuclear Power Plant).
In late 2020, the largest banking institution in Belarus, Belarusbank, rolled out a service that allowed users to buy or sell digital assets using a Visa card.
While he is a vocal proponent of the crypto industry, the Belarusian President recently hinted at a stricter regulatory framework for the industry in a meeting with senior government officials. Lukashenko cited the Chinese government’s approach to building a digital society as an example.
You can purchase crypto coins here: Buy Tokens
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.