President Alexander Lukashenko has advised workers to stay in their homeland instead of emigrating to take poorly paid agricultural jobs in Poland and Germany. Pointing to an alternative source of income, the Belarusian leader noted that there is enough electricity in Belarus to power cryptocurrency mining.
Lukashenko urges Belarusian workers to build mining farms, not work on foreign farms
At a meeting at the state-owned company JSC Belaruskali, one of the world’s largest producers of potash fertilizers, Belarusian President Alexander Lukashenko urged employees to use the available excess electricity to mine cryptocurrency. The head of state also noted that Belarusian workers are not wanted abroad, except in agriculture.
“We have to understand that they are nowhere waiting for us. And if there is someone, it can be on the plantations, ”warned Lukashenko in a video posted on the ул Первого Telegram channel. His speech was quoted by Forklog and the Russian business news portal RBC. Lukashenko said that guest workers “wander” in strawberry farms in Poland and Germany.
The Belarusian guide visited Pietrykaw, a city in the southern Gomel region, where he also attended the opening ceremony of a mining and processing plant. In his address, the President pointed out that there are many vacant industrial areas in the area and urged his audience to use the available space and the abundant energy for building greenhouses, for example. Then he added:
Build something with electricity. In the end, you start mining cryptocurrency or whatever it is called. There is enough electricity in the country.
Belarus legalized crypto-related business activities, including mining, with a presidential decree that went into effect in March 2018. In April 2019, Alexander Lukashenko proposed building bitcoin farms at the nuclear power plant in the Grodno region on the Lithuanian border to use the excess electrical energy produced by the NPP.
Last November, the country’s largest banking institution, Belarusbank, launched a service that allows users to buy and sell digital currencies using a Visa card. However, at a meeting with senior government officials in March this year, the Belarusian president hinted at tightening the regulatory framework to control the use of cryptocurrencies, citing China’s experience of building a digital society as an example.
Do you think the Minsk government will actively promote the development of the crypto mining industry in Belarus? Let us know in the comments section below.
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