Belarusian President Lukashenko instructs to promote cryptocurrency mining to use excess electricity to generate revenue

Belarusian President Alexander Lukashenko instructed the Minister of Energy to promote the development of the domestic cryptocurrency mining industry and use excess domestic electricity to create additional revenue. According to BelTA, Lukashenko cited the U.S. plan to establish reserves of cryptocurrencies such as Bitcoin and Ethereum as a reference, emphasizing global economic trends and said that if mining is profitable, it should be promoted. The decision coincides with the reorganization of the Belarusian government, with Lukashenko emphasizing upgrading the country’s 5700-kilometer power grid infrastructure to meet growing power demand.（Cointelegraph）

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