Laos Eyes Hydropower to Drive Digital Mining Sector
“Laos is exploring digital asset mining as a new use for its surplus hydropower, positioning the sector as a potential pillar of sustainable economic growth.”
“This direction came at a high-level meeting in Vientiane on 20 August, hosted by the Ministry of Technology and Communications to review progress on the country’s digital asset mining pilot project. ”
“Beyond energy use, the project has ambitions to diversify national revenue. With a narrow base of income sources and growing pressure on foreign reserves, policymakers view digital asset mining as a way to secure more stable earnings that can strengthen financial resilience and support future development.”
“Regulations are being developed to guide investment, curb unnecessary outflows of foreign currency, and ensure that the economic gains remain within the country.”
Source: The Laotian Times