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The Republic of Belarus will issue a state cryptocurrency

The Republic of Belarus will issue a state cryptocurrency

HappyCoinNews2025/01/27 19:11
By: HappyCoinNews
BTC-0.26%

On January 26, after participating in the presidential elections, the President of the Republic of Belarus Alexander Lukashenko announced that the country's authorities would issue a state cryptocurrency.

Lukashenko did not disclose details of the project, but сообщил , that the development of the digital asset is being carried out by officials together with IT specialists, who proposed to the authorities to create a Belarusian coin.

The head of the country drew attention to the surplus of electricity in the republic, apparently hinting that the country has the necessary capacity for cryptocurrency mining. Based on this, it can be assumed that the coin will be released on a network operating on the PoW consensus algorithm, similar to the Bitcoin blockchain.

Judging by the fact that Lukashenko specifically mentioned settlements in virtual currency, it is probably about the creation of a Belarusian digital ruble. In this case, Belarus will follow the example of the Russian Federation, where digital ruble testing began in 2023, and in July 2025 the Bank of Russia plans to expand the experiment to include large credit institutions.

Preliminary vote count results indicate that Lukashenko одержР° Р » an unconditional victory in the presidential elections. He was supported by 87,6% of the voting participants, while only 2,7% of voters voted for his closest rival, Sergei Syrankov. Accordingly, the permanent leader of the Republic of Belarus will retain the presidential seat and will be able to implement the project of creating a state cryptocurrency.

The Republic of Belarus will issue a state cryptocurrency image 0

Preliminary results of the presidential elections in the Republic of Belarus

EN @happycoinnews
EN @happycoinnews_en
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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