Laotian govt budget expected to gain $194M from crypto miners by 2022 -Breaking
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The Laos government’s pilot project to explore cryptocurrency mining and trading is expected to bring in roughly $194 million towards the country’s total domestic revenue projected for 2022.
According to a Nov. 2 report from Malaysian news outlet The Star, the Laotian government’s recent bid to capitalize on China’s crypto mining crackdown may be netting the country 2 trillion kip — roughly $194 million at the time of publication — in revenue from six firms. Officials from the companies participating in the pilot public-private mining program ApprovedIn September, Wap Data Technology Laos will be hosting Phongsubthavy Road and Bridge Construction and Sisaket Construction Company Limited. Boupha Road Bridge Design Survey and Joint Development Bank are also included.
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