Belarus Explores Cryptocurrency Mining to Reduce Dollar Dependence
Belarusian President Aleksandr Lukashenko has positioned cryptocurrency mining as a strategic tool to diminish global reliance on the US dollar. The remarks came during a high-level review of the Belarus Nuclear Power Plant's operations, where Lukashenko linked surplus energy capacity to crypto mining opportunities. "There is no gain without risk," he asserted, dismissing concerns over crypto volatility.
The move aligns with Belarus's deepening economic ties with Russia and broader de-dollarization efforts. A 2018 decree (No. 8) already established Belarus as a pioneer in creating favorable conditions for digital assets. Now, with energy infrastructure expanding, the nation appears poised to transform electricity surplus into geopolitical leverage through crypto mining operations.
