April 19, 2024

Belarus may launch state-owned mining farms

Belarus may launch state-owned mining farms

Minister of Energy of Belarus Viktor Karankevich said that the department is studyingpotential benefits anddisadvantages 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 been trying to create crypto-friendly regulations for a long time.In 2017, Lukashenko signed a decreeabout the development of the digital economy, which legalized the mining, purchase and sale of cryptocurrencies.In 2019, BelarusBank, the country's largest bank, announced that it was consideringThe ability to create your own crypto exchanger.

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Based on materialscointelegraph.com