December 2, 2021

Belarus may launch state-owned mining farms

Belarus may launch state-owned mining farms

Energy Minister of Belarus Viktor Karankevich said that the department is studying the potential advantages and disadvantages of mining.

The minister added that the cryptocurrency mining industry is actively developing in countries such as China, USA, Canada and Russia. He said:

This is a new direction for us.It is interesting, but in order to start it, you need a detailed, comprehensive study of this issue, including an assessment of the possible risks associated with this type of activity. We are doing this.

Belarus has long been trying to create friendlycryptocurrency regulations. In 2017, Lukashenko signed a decree on the development of the digital economy, which legalized the mining, buying and selling of cryptocurrencies. In 2019, BelarusBank, the country's largest bank, said it was considering creating its own crypto exchanger.

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