The Belarusian president strongly supports Bitcoin mining, saying it helps reduce dependence on the dollar system.
Odaily Planet Daily reports that Belarusian President Alexander Lukashenko stated at an energy strategy conference that digital assets can serve as a tool to enhance the country's economic autonomy, emphasizing that Bitcoin and cryptocurrency mining can help reduce dependence on the belarusian dollar-dominated system. He pointed out that although digital assets are volatile, given the current geopolitical pressures and foreign exchange restrictions, the benefits of adopting Bitcoin outweigh the risks.
Previously, Belarus had established a regulatory framework for digital asset activities through Decree No. 8. Lukashenko further stated that the country's abundant electricity and industrial infrastructure provide an advantage for expanding mining scale, and surplus energy can be invested in cryptocurrency mining to increase profitability and enhance economic resilience. (Finance Feeds)
