Belarus President Lets Workers of State-Owned Enterprises Mine Cryptocurrencies

Belarusian President Aleksandr Lukashenko has reportedly advised state-owned Belaruskali to use cheap electricity to mine cryptocurrencies. During a meeting with workers, Lukashenka said that Belarusians have little demand abroad and should stay on their land and look for other sources of income. Spend some money, build a greenhouse, and create something with electricity. Finally, start mining cryptocurrencies; the country has enough electricity. The head of state proposed to use the idle production site in the city of Petrikov as a venue for the needs of miners. On March 28, 2018, the Decree on the Development of the Digital Economy came into force in Belarus, which established the framework conditions for the use of cryptocurrencies and tokens and introduced tax incentives for cryptocurrency transactions.