Is Belarus Planning to Legalize Bitcoin Mining? Here’s What Country’s President Said

Published by
Is Belarus Planning to Legalize Bitcoin Mining? Here’s What Country’s President Said

The Republic of Belarus might be the next country to legalize Bitcoin ($BTC) mining joining the likes of Iran and Kazakhstan. While there is no official announcement at the moment but going the by country’s President comments, it seems more likely. During the opening of the Petrikovsky mining and processing plant, President Belarus Alexander Lukashenko called for the construction of Greenhouses to mine Bitcoin.

“They don’t wait for us anywhere, but if someone is waiting, then maybe on the plantations, as Ukrainians often say: the Poles or the Germans are struggling to pick strawberries … we have a lot of sites here in Petrikiv, create something on electricity, in the end, start mining the cryptocurrency, ”Lukashenka said.

The President believes Belarus has several sites and enough electricity that can be utilized to create Bitcoin mining infrastructure. It is also important to note that cryptocurrency trading is legal in the country since December 2017. The digital currency ecosystem is currently exempt from taxes and the state promotes its use. Thus, it won’t be a big deal if the country makes way for state-sponsored clean Bitcoin mining operations.

Last year, the country’s largest bank also open crypto exchange services for the customers that allowed them to buy and sell crypto assets using VISA cards.

Advertisement

Bitcoin Mining Countries are Increasing in Number

Iran was among the first nations to legalize Bitcoin mining in a way to fuel the economy hit by various trade sanctions. At one point the country was also considering the use of Bitcoin for international trade. The country temporarily banned Bitcoin mining in the country as illegal mining led to several blackouts in the country. Iran is set to restart Bitcoin mining operations from the first week of September.

Kazakhstan became a Bitcoin mining hub post-Chinese Bitcoin mining ban and its share of Bitcoin increased from the fifth spot to second within a year. Many North American nations and the US have also attracted migrating miners from China that not only ended China’s dominance in the Bitcoin mining industry but also made the network more decentralized.

Advertisement

Share
Prashant Jha

An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Coinbase CEO Says Market Structure Bill Will Pass by Year-End Despite Government Shutdown

Coinbase CEO Brian Armstrong has said he expects the long-awaited U.S. crypto market structure bill…

October 24, 2025
  • News

Breaking: Trump To Meet China’s President On October 30, Bitcoin Bounces

Bitcoin surged above $111,000 after confirmation that President Donald Trump and Chinese President Xi Jinping…

October 23, 2025
  • News

Breaking: Trump Pardons Binance’s Changpeng “CZ” Zhao, BNB Spikes

U.S. President Donald Trump has reportedly pardoned Binance founder Changpeng "CZ" Zhao for his conviction…

October 23, 2025
  • News

Peter Schiff Challenges Binance Founder CZ to Debate as Bitcoin Vs. Gold Rivalry Heats Up

Bitcoin critic and renowned economist Peter Schiff has challenged Binance co-founder Changpeng "CZ" Zhao to…

October 23, 2025
  • News

Robinhood Lists HYPE As Hyperliquid Flips CZ Backed Aster In Perp DEX Volume

Crypto exchange Robinhood has listed Hyperliquid's native token HYPE for its U.S. clients. This comes…

October 23, 2025
  • News

Expert Warns More Crypto Bloodbath Ahead of CPI Data Tomorrow

The U.S. Bureau of Labor Statistics (BLS) will release the Consumer Price Index (CPI) data…

October 23, 2025