• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, June 24, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Lukashenko has urged the government to mine cryptocurrency

by Baisakhi Mishra
September 1, 2021
in Crypto, News
Reading Time: 2 mins read
0
Lukashenko has urged the government to mine cryptocurrency

Image Source: Bitcoin News

TwitterWhatsappLinkedin

President Alexander Lukashenko has recommended workers stay in their hometown rather than going to Poland and Germany to fill low-paying agricultural employment. Belarusian President Alexander Lukashenko mentioned an alternate source of income, adding that the country had adequate electricity to run cryptocurrency.

You might also like

Bitcoin ETF continues to rise, DOT miners earn up to $19,800 a day from cloud mining

How to Get Started with BYDFi App: A Beginner’s Guide to Crypto Trading

Truth Social Targeted in Cyberattack After U.S. Strikes on Iranian Nuclear Facilities

Image Source: Bitcoin News

Alexander Lukashenko calls on Belarusian workers to build mining farms, not work on foreign farms

According to Russian news agency RBC, Lukashenko spoke at the opening of the Petrikovsky mining and processing plant on Aug. 27, urging people to pursue crypto mining in Belarus rather than low-paying farming jobs abroad. The Arbitrum One platform is already used by over 400 teams.

Belarus has enough electricity resources to power cryptocurrency mining, according to the president, who pointed to abandoned industrial sites that may be repurposed to create cash.

President Alexander Lukashenko urged officials to use available surplus electricity to harvest cryptocurrencies during a meeting at the state-owned enterprise Belaruskali, one of the world’s largest producers of potassium fertilizers. Belarusian employees are not sought overseas, except for agricultural occupations, according to the president.

“We must realize that they will not be waiting for us wherever. “And if someone is, it may be in the plantations,” Lukashenko said in a video posted to the First Telegram channel by Pool. Forklog and RBC, a Russian business news portal, both cited his speech. Guest workers were working on strawberry farms in Poland and Germany, according to Mr. Lukashenko.

The Belarusian president paid a visit to Pietrikav, a town in Gomel’s southern region, where he also attended the opening of a mining and processing factory. In his remarks, the president noted that the area had many vacant industrial sites and urged his audience to take advantage of the available space and sufficient energy by, for example, building greenhouses.

Belarus has a large number of abandoned industrial sites that might be used to produce cash through cryptocurrency mining, according to Belarusian President Alexander Lukashenko.

With a presidential decree that took effect in March 2018, Belarus legalized crypto-business activity, including mining. Alexander Lukashenko proposed in April 2019 that bitcoin farms be developed at the nuclear power station in the Grodno region near the Lithuanian border to utilize the extra electricity generated by the NPP.

Belarusbank, the country’s largest financial institution, launched a service in November last year that allows customers to buy and trade digital currencies using a Visa card. The Belarusian president, however, hinted at tightening the legislative framework for limiting the use of cryptocurrencies during a meeting with senior government officials in March this year, citing China’s experience in developing a digital society as an example.

Do you believe the Belarusian government will actively promote the development of the crypto mining industry? Let us know in the comments section.

If you find this article informative then do share it with your friends and family!

Also read: Tennis star Naomi Osaka unveils new cryptocurrency

 

Tags: #Alexander Lukashenko#Arbitrumcryptocurrency
Tweet54SendShare15
Previous Post

Google adds shipping and return labels to search

Next Post

How to send automated texts

Baisakhi Mishra

Recommended For You

Bitcoin ETF continues to rise, DOT miners earn up to $19,800 a day from cloud mining

by Techstory
June 24, 2025
0
Bitcoin ETF continues to rise, DOT miners earn up to $19,800 a day from cloud mining

As Bitcoin and Ethereum ETFs continue to attract strong institutional capital inflows, long-term confidence in the global digital asset market is steadily increasing. On June 19 alone, Bitcoin...

Read more

How to Get Started with BYDFi App: A Beginner’s Guide to Crypto Trading

by Rohan Mathawan
June 24, 2025
0
Photo by rc.xyz NFT gallery on Unsplash

In recent years, cryptocurrency trading has grown rapidly as more individuals seek digital investment opportunities. For newcomers, navigating this space can be overwhelming due to the complexity of...

Read more

Truth Social Targeted in Cyberattack After U.S. Strikes on Iranian Nuclear Facilities

by Harikrishnan A
June 24, 2025
0
Challenges Mount for Truth Social as Financial Struggles Emerge: Can Trump’s Social Platform Weather the Storm?

Tensions between Iran and the United States have escalated beyond the battlefield and into cyberspace, as Iranian-aligned hackers targeted former President Donald Trump’s social media platform, Truth Social,...

Read more
Next Post
How to send automated texts

How to send automated texts

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?