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PANews
PANews|Nov 17, 2025 09:02
[Belarusian President: Supporting Digital Assets as a Potential Tool to Strengthen National Economic Independence] According to Finance Feeds, Belarusian President Alexander Lukashenko strongly supports Bitcoin and cryptocurrency mining, viewing digital assets as a potential tool to enhance national economic independence. During a recent government meeting on energy strategy, he stated that cryptocurrencies could help reduce the country's reliance on the traditional US dollar-based financial system. Although he acknowledged the volatility of digital assets, he emphasized that given Belarus's current geopolitical pressures and foreign exchange restrictions, the benefits of embracing Bitcoin far outweigh the risks. Previously, the country enacted Decree No. 8, establishing a regulatory framework for digital asset operations and laying the legal foundation for cryptocurrency activities. Lukashenko reiterated that Belarus's abundant electricity resources and existing industrial infrastructure provide favorable conditions for scaling up mining operations. He pointed out that surplus energy could be redirected to profitable cryptocurrency mining activities rather than being wasted, further reinforcing the notion that mining can both generate revenue and enhance strategic resilience.
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