Posted inLaos

China’s crypto ban a big boon for little Laos

BANGKOK – After China’s recent cryptocurrency crackdown, impoverished Laos is now allowing Bitcoin mining, fueled by abundant hydroelectric power from the Mekong River and shrugging off US warnings of disastrous environmental problems. The surprise announcement on September 9 by the Lao Prime Minister’s Office, allowing the creation of Bitcoin, Ethereum and other blockchain-based currencies, makes […]