Belarus will cancel the encryption on the surplus of electricity: the president

The President of Belarus, Alexander Lukashenko, recently announced plans to explore the cryptocurrency mining, taking advantage of the country’s surplus in the country after Trump’s strategic reserve plan. According to local media reports, President Alexander aims to explore the cryptocurrency mining because the country holds excess electricity reserves.

The president stressed that the country must start mining operations if profitable results are clarified because it may bring economic advantages to use energy reserves. The turning point in the digital assets industry began with US President Donald Trump’s decision to create a strategic encryption reserve.

according to Pelta is the Belarusian mediaLukashenko, the Minister of Energy, told him that more and more citizens are interested in coding mining.

We must respond to people’s requests. It is the future. Moreover, more and more people approach mining. If it is profitable for us, let us do it. “We have access to electricity, and let them make this cryptocurrency, etc., are I right,” Lukashenko said.

Lukashenko’s order explains to the Minister of Energy that Belarus will continue to develop encrypted currency mining capabilities to seize opportunities for the global cryptocurrency market during the era of encrypting the major countries that maintain encrypted currency reserves.

“Especially the vision of the path that the world and the main economy take, they announced yesterday that they will keep its reserves to increase its request. Perhaps we must tire ourselves? Why did it attract investors and sell electricity to them, although I do not exclude them, but we must do this ourselves, and the suggestions exist, and I think you will overcome this bureaucracy and report that we will continue , With regard to national security.

However, Belarus will not be the first country to grant encrypted currencies, countries like Bhutan and Lalvador are older players in this. While Salvador uses the thermal energy to remove Bitcoin, Bhutan uses hydroelectric energy to extract bitcoin.

Also read: Exclusive: How can India use its rivers to extract the bitcoin currency like Bhutan