Laos has authorized a series of cryptocurrency mining and trading projects in the country, looking for another source of income to supplement the losses caused by the drop in tourism due to COVID-19 related measures. Six companies have been authorized to start cryptocurrency trading and mining operations in the country, according to the office of the prime minister.
Laos Embraces Digital Currencies
Laos has authorized mining and trading operations in its territory, contradicting policies from its central bank that issued warnings against crypto just a month before. The move comes as the small Asian nation tries to find alternative income sources to deal with the aftermath of the Covid-19 pandemic.
The office of the prime minister stated that six companies were now authorized to conduct cryptocurrency-related activities in the country. Now, according to reports, the government will start work to regulate these activities. Laos could also be trying to attract some of the miners ousted
Źródło: https://news.bitcoin.com/laos-authorizes-cryptocurrency-mining-and-trading-activities/
