Business news

Lukashenko touts cryptocurrency mining as path away from dollar reliance

MINSK, 14 November (BelTA) – Cryptocurrencies are one of the options for moving away from dollar dependency in the world, Belarusian President Aleksandr Lukashenko said at a meeting to discuss the performance of the Belarusian NPP, rising electricity consumption, and proposals for building new nuclear capacities in Minsk on 14 November, BelTA has learned.

The president asked to report to him on the measures taken to increase electricity consumption, their results, and proposals for the further development of the electric power industry and related sectors.

“For example, cryptocurrency mining, electric transport, construction of all-electric houses. The focus is on the prospects for utilizing existing and new capacities,” the head of state said. "I have read various reports and opinions here. One of the reports states that cryptocurrency mining can be unstable. It can be higher in some places, lower in others. Our entire world is now grappling with a global problem, namely moving away from dependence on a single currency, the dollar. This process will intensify. Cryptocurrency is probably one of the options.”

“So why are we so worried? Some volatility... Well, there probably will be. But nothing ventured, nothing gained,” the Belarusian leader emphasized.

print version

make home page

add to bookmarks