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Laos expects crypto mining to deliver these gains
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One relatively more affordable place to mine Bitcoin in Asia (excluding China) is Laos, thanks to its hydroelectric potential and electricity prices. What’s more, the landlocked country with a population of 7,416,475 seems to be realizing this too.
However, both investors and policymakers might wonder if this is a realistic goal.
With six companies allowed to mine and trade crypto on a trial basis in Laos, the country appears to be acknowledging the potential for gains in the sector. According to local news sources, the government hopes to earn 2,000 billion kip [LAK] or two trillion LAK [around $192,971,600 at press time].
A statement from Vientiane Times reported,
“This new revenue source would contribute to the 28,963 billion kip in total
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