What Would The Re-Election Of Alexander Lukashenko Mean For Crypto?

Protests have erupted in Belarus following the nation’s presidential election on Sunday, all the same the potential continued presidency of Alexander Lukashenko could also be first-class news for crypto.

Lukashenko reportedly received re-election towards opposition candidate Svetlana Tikhanovskaya in a landslide triumph with greater than 80% of the vote on Aug. 9. However, officers from many countries and inside Belarus are accusive the election outcomes as flawed, with studies of falsified ballots.

‘Europe’s last dictator’

The president of the jap European nation has served since 1994, throughout which period he has made a variety of statements in favor of blockchain expertise since legalizing cryptocurrency and preliminary coin choices in Dec. 2019.

In an April 2019 video of Lukashenko addressing a crowd, the president planned utilizing extra power from the nation’s first atomic energy plant – regular to be accomplished on the finish of 2020 – to mine cryptocurrencies like Bitcoin (BTC) and promote them.

His phrases had been met with laugh from the viewers, all the same Bitcoin bull Anthony Pompliano responded to them by saying “every country will be mining and every country will be holding Bitcoin.”

Crypto laws

Belarus has not been on the forefront of cryptocurrency and blockchain discussions around the globe, all the same the nation has carried out a number of legislative adjustments.

In March, a state authority in Belarus requested lawmakers for the authority to grab cryptocurrency from criminals. The nation’s central business enterprise institution can also be reportedly establishing a program to permit business and state-owned Banks to launch tokens and conduct enterprise as crypto exchanges.

What Would The Re-Election Of Alexander Lukashenko Mean For Crypto?

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