President Alexander Lukashenko: Belarus to Mine Bitcoin with Nuclear Power
- Belarus legalized crypto-related activities within the HTP last year
- The country has been introducing crypto-friendly policy part to become a global IT hub
However, it is not a new one, rather the same video that first surfaced in April.
“Wait for us to bring in the nuclear plant and use the excess energy… we will use space to build mining and we will mine these bitcoins and we will be selling them,”
“All the more they say if you have bitcoin, it is not a problem to sell it, right?”
— Satoshi Baggins (@satoshibaggins) September 28, 2019
This has been during Lukanshencko’s meeting with the representatives of the IT industry where he affirmed that his administration will protect and promote the country’s digital sector.
This certainly has the community excited as Marty Bent, host of TFTC21, a podcast about Bitcoin said,
“Slowly but surely…”
Anthony Pompliano, Co-founder & Partner at Morgan Creek Digital said,
“The President of Belarus has been recorded talking about mining Bitcoin with the country's excess nuclear power. Eventually, every country will be mining and every country will be holding Bitcoin.”
However, with the audience members, listening to Lukashenko, laughing with him on his plans, some wondered if he was poking fun at Bitcoin mining.
A former Soviet republic and a close ally of Russia, Belarus legalized crypto-related activities within the High Technologies Park (HTP) last year. The special presidential decree “On the Development of the Digital Economy” came into force on March 28, 2018.
The country further introduced a tax holiday and other incentives for cryptocurrency companies until January 1, 2023. Its crypto-friendly policy part of the nation’s push to become a global IT hub.