In a world increasingly exploring alternatives to the traditional U.S. dollar system, Belarus is positioning itself at the frontlines of financial and technological transformation. During a major meeting on 14 November 2025, President Aleksandr Lukashenko highlighted cryptocurrency mining as one of the potential solutions for reducing global reliance on the dollar. His remarks came during a high-level briefing focused on the performance of the Belarusian Nuclear Power Plant (NPP), rising electricity consumption, and the country’s long-term energy strategy.
The Global Shift Away From Dollar Dominance
According to President Lukashenko, nations across the world are actively seeking alternatives to excessive dollar dependence. He emphasized that this shift is not temporary — it’s a growing global trend that will continue to develop.
In this context, cryptocurrencies are emerging as one of the most promising financial tools.
He noted:
“Our entire world is now grappling with a global problem — moving away from dependence on a single currency, the dollar. This process will intensify. Cryptocurrency is probably one of the options.”
Why Cryptocurrency Mining Makes Sense for Belarus
Belarus is already known for having some of the lowest electricity prices in Europe, making it a strong contender for energy-intensive industries like crypto mining.
During the meeting, Lukashenko reviewed proposals to boost electricity consumption and better utilize current and future power capacities — especially those generated by the Belarusian NPP.
He specifically mentioned:
- Cryptocurrency mining
- Electric transport infrastructure
- All-electric housing projects
These sectors can effectively absorb the country’s expanding energy output while supporting innovation and economic growth.
Addressing Volatility: “Nothing Ventured, Nothing Gained”
President Lukashenko acknowledged concerns about the volatility of cryptocurrency mining. However, he stressed that unpredictability should not be a barrier to exploring new opportunities.
He stated:
“Some volatility… Well, there probably will be. But nothing ventured, nothing gained.”
This statement highlights Belarus’s willingness to take calculated risks as it aims to strengthen energy usage efficiency and embrace emerging industries.
A Bigger Vision: Energy, Innovation & Digital Economy
The discussion forms part of Belarus’s broader strategy to:
- Expand nuclear capacity
- Promote high-tech sectors
- Increase domestic energy consumption
- Integrate digital technologies into the economy
With plans being evaluated to potentially build a second nuclear power plant, Belarus is clearly looking to maximize the benefits of its energy independence.
What This Means for the Region and the World
If Belarus moves forward with large-scale crypto mining initiatives, it could:
- Become a regional hub for blockchain-powered industries
- Attract foreign investment in digital technologies
- Boost its economic resilience
- Diversify revenue sources
- Strengthen its position in the global energy and tech landscape
In a world gradually exploring alternatives to the global financial status quo, Belarus is signaling that it intends to be part of the next digital wave.
Final Thoughts
Belarus's interest in cryptocurrency mining isn't just about adopting a trending technology — it's tied directly to national energy strategy, economic modernization, and global financial shifts. With low electricity costs and growing energy production capacity, the country is uniquely positioned to experiment with crypto mining as a serious economic tool.
As the world continues to explore decentralized finance and alternative currencies, Belarus is making it clear:
it wants a seat at the table.
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