Protests have erupted in Belarus following the nation’s presidential election on Sunday, however the doable continued presidency of Alexander Lukas
Protests have erupted in Belarus following the nation’s presidential election on Sunday, however the doable continued presidency of Alexander Lukashenko could also be excellent news for crypto.
Lukashenko reportedly received re-election towards opposition candidate Svetlana Tikhanovskaya in a landslide victory with greater than 80% of the vote on Aug. 9. Nevertheless, officers from many countries and inside Belarus are condemning the election outcomes as flawed, with studies of falsified ballots.
‘Europe’s final dictator’
The president of the jap European nation has served since 1994, throughout which era he has made various statements in favor of blockchain know-how since legalizing cryptocurrency and preliminary coin choices in Dec. 2017.
In an April 2019 video of Lukashenko addressing a crowd, the president proposed utilizing extra power from the nation’s first nuclear energy plant — scheduled to be accomplished on the finish of 2020 — to mine cryptocurrencies like Bitcoin (BTC) and promote them.
His phrases have been met with laughter from the viewers, however Bitcoin bull Anthony Pompliano responded to them by saying “each nation will likely be mining and each nation will likely be holding Bitcoin.”
Crypto laws
Belarus has not been on the forefront of cryptocurrency and blockchain discussions around the globe, however the nation has applied just a few legislative adjustments.
In March, a state authority in Belarus requested lawmakers for the authority to grab cryptocurrency from criminals. The nation’s central financial institution can be reportedly establishing a program to permit business and state-owned banks to launch tokens and conduct enterprise as crypto exchanges.