Laos threatens BTC miners with shutdown for inactivity
The Laos government says that two of the 15 authorized miners had made no progress, while others had delayed in paying fees, at one point owing $20 million.
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Laos cuts off power supply to BTC miners
The country’s grid operator says a severe drought in the first six months led to the crackdown, with an insider saying miners have been unable to make payments.
Laos gov’t plans to use blockchain to digitalize financial system
Laos' Prime Minister Siphandone stated that the country's lofty ambitions would be realized by infusing blockchain in official processes, including record keeping and other administrative purposes.
Laos climbs aboard CBDC train via partnership with Japan’s Soramitsu
The proof-of-concept plan dubbed "Digital Lao Kip (DLak)" will explore the possibilities of a retail central bank digital currency existing with other payment options in Laos.
Laos targets $194M in revenue from block reward miners
Laos has licensed six block reward miners, and according to one government official, they should bring in close to $200 million in revenue, 7% of the GDP.
Laos central bank warns against crypto use
Laos wants to remind its citizens that it really doesn’t like cryptocurrencies, and they’re illegal too.
Laos central bank warns against use of ‘unregulated’ crypto
The Bank of Laos cautioned the public to exercise caution when dealing with cryptocurrencies, saying current laws refute cryptocurrencies as payment instruments.