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Belarus President States Bitcoin Mining Helps Reduce Dependency on US Dollar System
Summary: According to reports, Belarus President Alexander Lukashenko stated at an energy strategy meeting that digital assets can be used as a tool to enhance national economic autonomy, emphasizing that Bitcoin and cryptocurrency mining can help reduce reliance on the US dollar-dominated system. Despite the volatility of digital assets, Lukashenko noted that in the current geopolitical ...
According to reports, Belarus President Alexander Lukashenko stated at an energy strategy meeting that digital assets can be used as a tool to enhance national economic autonomy, emphasizing that Bitcoin and cryptocurrency mining can help reduce reliance on the US dollar-dominated system. Despite the volatility of digital assets, Lukashenko noted that in the current geopolitical pressures and foreign exchange restrictions, the benefits of adopting Bitcoin outweigh the risks. Belarus has already established a regulatory framework for digital asset activities through Decree No. 8. Lukashenko further mentioned that the country's abundant electricity and industrial infrastructure provide an advantage for expanding mining operations, with excess energy being directed towards cryptocurrency mining to increase profits and strengthen economic resilience. (Finance Feeds)
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