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- Belarus sees digital assets as a possible path away from dollar reliance.
- The government views cryptocurrency mining as a key use case for rising power output.
- The country prepares new plans to expand electricity consumption and nuclear capacity.
Belarus placed digital assets and crypto at the center of a wider shift in global finance. President Alexander Lukashenko shared this view during a meeting in Minsk on 14 November. He addressed the growing use of electricity in the country, highlighted crypto-related demand, and reviewed the progress of the Belarusian nuclear power plant.
He also requested they submit fresh proposals for the future growth of power capacity. The president stated the world is racing towards less reliance on the U.S. dollar.
At the same time, he mentioned that “a lot of other countries want more flexibility in the settlement systems as well.” In his opinion, “the cryptocurrencies are potentially one of the routes which are going to be viable.”
President Highlights Crypto Mining as Key Power Consumer
Lukashenko asked his team to submit reports on the measures being undertaken to increase electricity consumption. Belarus is now at a point where nuclear generation is still on an upward trend, meaning new demand sources are still essential. The President stressed the need for robust plans associating electricity generation with new industries.
He identified various sectors where large capacities of electricity can be absorbed. These sectors include electric transport, the development of houses that depend entirely on electricity, and the digital sector. Among those, he ranked cryptocurrency mining as his first choice. He said this process can add value to the economy and provide a constant demand for the spare electricity.
He mentioned mining revenues fluctuating with markets. The price may go high at times and low at other times. He clarified that this trend should raise no alarm because it is very much practiced in other business sectors. The key thing, according to him, is the demand for electricity and the opportunity to develop sectors that require electricity and can develop along with time.
Belarus Links Energy Strategy With Global Financial Shifts
The president connected global financial shifts with home energy policy. President stated that the global world is moving towards new settlement patterns, which refuse to rely on one currency as the sole stronghold. The president emphasized that this trend will be much evident in the future years.
In this respect, he saw cryptocurrencies as one of the alternatives which correspond to the new global trend. The aim of Belarus is for the generation of power to be aligned with sectors which are scalable. The nuclear sector is crucial here.
The government is now considering other measures to boost capacity, change consumption patterns, and channel investments into sectors which will help attain future objectives. Digital assets are part of this plan, as the nation looks for innovative mechanisms to match growing electricity generation with emerging economic opportunities.
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