Belarusian President Lukashenko calls on the state to mine cryptocurrency

Belarusian President Alexander Lukashenko called on the government to use the backup power infrastructure to mine cryptocurrencies.

Russian news agency RBC, Lukashenko delivered a speech at the opening ceremony of the Petrikovsky mining and processing plant on August 27, urging workers to enter the Belarusian crypto mining industry instead of engaging in low-paying agricultural positions abroad Report.

The President stated that Belarus has enough electricity resources to power cryptocurrency mining and pointed out abandoned industrial sites that can be used to generate income.Lukashenko statement:

“We must understand that they will not wait for us anywhere […] Build something based on electricity. After all, start mining cryptocurrency or any other name. This country has enough electricity. “

Petrikovsky Factory officially became biggest Belarusian state-owned enterprise investment project, one of the largest potash fertilizer producers in the world, It is said that As of 2019, it accounts for 20% of global supply.Belarus’s only potash fertilizer exporter Belaruskali is Sanctioned The US government took other punitive measures against President Lukashenko in mid-August.

related: New project aims to bring global crypto miners to Russia

Lukashenko recently called for cryptocurrency mining, after the Belarusian government has repeatedly tried to enter the growing cryptocurrency mining industry. In February, the Ministry of Energy of the Republic of Belarus stated that Investigate risks and benefits Potential foray into crypto mining. In April 2019, Lukashenko Proposed deployment of excess energy Mine cryptocurrency from the country’s first nuclear power plant and sell it.