Laos is turning to cryptocurrency mining as a strategy to utilize its hydropower surplus and mitigate national debt. The government plans to convert excess electricity into US dollar-denominated digital assets, aiming to generate stable revenue and attract foreign investment. The Ministry of Technology and Communications is developing a licensing framework to facilitate large-scale mining operations. However, concerns have been raised about potential ecological impacts and grid stability issues.
Laos Leverages Hydropower Surplus for Crypto Mining to Reduce Debt
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