Belarus Embraces Crypto Mining as a National Priority to Reduce US Dollar Dependence
Belarus Embraces Crypto Mining as a National Priority to Reduce US Dollar Dependence
Belarusian President Alexander Lukashenko has directed government agencies to expand cryptocurrency mining, seeing it as a strategic move to lessen the nation's reliance on the US dollar. This initiative, announced during a high-level energy meeting, underscores a growing global interest in digital assets for economic autonomy.
Belarus Prioritizes Cryptocurrency Mining
Belarusian President Alexander Lukashenko has issued a directive to government agencies, urging them to expand cryptocurrency mining operations within the country. The President stated that this strategic shift could significantly help Belarus reduce its reliance on the US dollar. The remarks were made during an important energy meeting held in Minsk on November 14.
The move aligns Belarus with a broader trend among nations exploring digital assets and their underlying technologies to achieve greater economic sovereignty and diversification, mirroring efforts seen in other countries like El Salvador's embrace of Bitcoin.