Ministry of Energy of Belarus examines the potential of the mining industry – Bits Media

The Ministry of Energy of the Republic of Belarus reported, that carefully studies the potential of the mining industry, as well as the possibility of legal production of bitcoin and other cryptocurrencies in the country.

Energy Minister Viktor Karankevich told, that the government It began to actively study the advantages and disadvantages of mining, since the industry is developing rapidly in China, USA, Canada and Russia. He noted, that before creating conditions for the development of mining in the country, you need to study in detail possible risks, associated with this type of activity.

Earlier, the Government of Belarus has already considered this issue - in April 2019 years President Alexander Lukashenko proposed using excessive energy of nuclear power plants for mining cryptocurrencies. Besides. In recent years, Belarus has been positioning itself as a country, Friendly to cryptocurrencies.

So, in 2017 year Lukashenko signed a decree on the development of a digital economy. This document implies the legalization of activities, associated with cryptocurrency trading and mining. IN 2019 One of the largest Belarusian banks, Belarusbank, announced the creation of an exchange platform for trading digital assets.

The Ministry of Energy of Ukraine also discusses mining prospects. The Ministry of Energy proposed to create a data center with power from 250 to 500 MW, which will function due to the use of the unused energy of nuclear power plants.