Laotian govt budget expected to gain $194M from crypto miners by 2022

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 […]
Laos partners with Soramitsu on CBDC research as regulated crypto mining begins

Laos has become the latest nation to begin exploring a central bank digital currency (CBDC), announcing upcoming research on the subject in partnership with Japanese distributed ledger technology (DLT) firm Soramitsu. According to an Oct. 3 report from Nikkei Asia, the project is expected to begin this month and follows the signing of a memorandum […]