Alexander Lukashenko has “left a place” for crypto-mining near the Belarusian NPP

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Alexander Lukashenko, during a meeting at the High Technology Park with the IT sector representatives, announced that he had “left a place” for Bitcoin mining near the Belarusian Nuclear Power Plant.

Lukashenko said: “Wait – we’re finishing the nuclear power plant soon, and there will be a surplus of electricity […] I left a place there. Let’s build up farms, mine these bitcoins and sell them. Besides, people are talking, if you have Bitcoins, there is no problem selling them.”

BelNPP (Belarusian Nuclear Power Plant) is located in Astravyets in Grodno County. The first power unit is set into operation in December 2019, second in 2020, during summer.

Additionally, the final rules of the cryptocurrency sector were defined during autumn 2018 at the Minsk High Technology Park (HTP). It is a special economic zone that its creators dream to see as the analogue of the Silicon Valley of the USA.

Lukashenko defends his IT specialists

Previously, decree number 8, which is meant for the development of the digital economy in Belarus, legalized cryptocurrency exchanges, cryptocurrency exchange operators and crypto-mining.

In a conversation with HTP residents, the President assured them that they would support Belarusian IT specialists and would “not let anyone offend them”:

“To some extent, you are my children. With my own hands, I created you as I could. But then you grew up, started offering ideas on how to go further. You wanted cryptocurrency, crypto exchange, crypto mining, farms, and everything. Let’s take this path together,”

Lukashenko assured.

Commenting on the perspectives of future development for this sector in the country, the President noted:

“Everyone has realized that you cannot make it without IT. We will get left behind. I understand that we are not a country spoiled with hydrocarbon. […] We needed to develop our country and look into a specific niche in order to ensure the country’s independence. We are located in a very beautiful but at the same time very dangerous place – central Europe. I needed to think about a more significant independence so that we don’t get suppressed. […] We must not stop, we have to go forward, because if we do not – then others will do and will overtake us.”


Photo by Wikimedia Commons