News with the tag "Belarus"

Belarusian president, Alexander Lukashenko, told the energy minister, Alexei Kushnarenko, that he wants to use excess energy from the grid to mine cryptocurrency and create a national reserve. “Look at this mining”, said Lukashenko, “More and more people are turning to me. If it is profitable for us...

Belarus is reportedly exploring cryptocurrency mining using surplus nuclear energy, following economic strategies pioneered by nations like Bhutan, according to a report by the Belarusian Telegraph Agency (BelTA). Surplus Electricity Could Fuel Belarusian Crypto Boom President Alexander Lukashenko h...

The President of Belarus, Aleksandr Lukashenko, suggested that the Eastern European country could begin mining digital assets. “Look at this mining. More and more people are approaching me. If it’s profitable for us, let’s do it. We have excess electricity. Let them produce this cryptocurrency and s...

The President of Belarus, Aleksandr Lukashenko, raised the possibility yesterday that the Eastern European country could begin mining cryptocurrencies. "Look at this mining. More and more people are turning to me. If it is profitable for us, let's do it. We have excess electricity. Let them make thi...

In a surprising turn of events, Belarus is stepping into the cryptocurrency arena with a unique strategy. President Alexander Lukashenko has officially given the green light to develop crypto mining operations within the nation, leveraging a resource that many countries often overlook: excess energy...

Belarusian President Alexander Lukashenko has instructed the country’s energy minister to develop the cryptocurrency mining industry in the country. Lukashenko was speaking on March 4 at the government meeting at which Alexei Kushnarenko was appointed to the top energy position. “We have an excess o...

Russian President Vladimir Putin announced that more than 85% of trade within the Commonwealth of Independent States (CIS) is now conducted in national currencies, highlighting a move toward greater financial independence. This development is part of broader efforts by CIS countries to reduce relian...

Belarusian President Alexander Lukashenko stated that many nations are reconsidering their use of the U.S. dollar and euro due to recent global financial tensions. Speaking in Minsk, Lukashenko highlighted that this shift is not limited to Belarus and Russia, but is observed worldwide. He attributed...

Belarus is at the forefront of financial innovation as it takes significant strides towards introducing its Central Bank Digital Currency (CBDC), the digital Belarusian ruble. In collaboration with the Center for Banking Technologies, the National Bank of Belarus is leveraging the open Hyperledger F...

Despite facing international sanctions, Belarus is forging ahead with its plans to develop a central bank digital currency (CBDC) known as the digital ruble to facilitate cross-border transactions. The state-owned Center of Bank Technologies officially announced its initiation of the CBDC platform d...