Laos govt eyes 2,000 billion kip from bitcoin mining


VIENTIANE, Nov 2 (Vientiane Times/ANN): The Laos government expects to earn 2,000 billion kip in revenue from bitcoin mining - the first time such revenue would be earned from the mining and trade of the digital currency.

This new revenue source would contribute to the 28,963 billion kip in total domestic revenue projected for 2022, Minister of Finance Bounchom Ubonpaseuth told the second ordinary session of the National Assembly (NA)’s 9th legislature.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Laos , Bitcoin , Mining

   

Next In Aseanplus News

King expresses regret, disappointment over US veto of UNSC draft resolution on Gaza ceasefire
Thailand's first Olympic champion accused of sexually assaulting teen, says police
China issues arrest warrants, offers rewards for 10 leaders of telecoms fraud gangs in Myanmar
Cambodia's leader holds talks in neighboring Vietnam on first visit since becoming prime minister
India's Supreme Court upholds revocation of Kashmir's autonomy
China says peace talks held over north Myanmar conflict, 'positive results'
Hong Kong district council election: voter turnout hits record low 27.5%, task force to investigate computer glitch
China says tax breaks to stay for over 90% of new energy vehicles
Lao and China partner to promote tourism for Visit Laos Year 2024
BREAKING: Cabinet reshuffle expected tomorrow, say sources

Others Also Read