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2,000 megawatts of excess electricity in Pakistan will be used to support Bitcoin
Btc
109.007,29 USD
Mining and Artificial Intelligence Centers (AI) Growth of the Earth’s digital economy.
The idea of using excess electricity for Bitcoin mining was first discussed at a Council meeting Held on March 21. This session included the legislators, head of the Pakistan State Bank, President of the Securities Commission in the country and the Federal IT Secretary.
According to 24 news HD’s report on May 25th.The plan, consisting of two stages, is led by the Pakistani Crypto Council and supported by the Ministry of Finance.
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The first step will Focus an unused power to build infrastructure for cryptocurrency mining and development of AI. Finance Minister Muhammad Aurangzeb said that this approach is expected to bring foreign investments and create highly qualified employment options.
Later, the government plans Introduce renewable energy to support these operations. This is aimed at helping the industry expanding, while controlling environmental concerns.
Several international companies involved in Bitcoin Mining and AI recently visited Pakistan to investigate opportunities. In order to make the country more attractive to these investors, the Ministry of Finance introduced a tax relief for AI centers and eliminated import duties on Bitcoin’s mining equipment.
Bill bin Saudiwhich runs the Pakistani Crypto Council, Called this “turning point” for the country to build a digital economy. He believes that Pakistan can become an active part of the global crypto and AI industry – if clear rules and systems are set.
Butan’s Ministry of Tourism has recently introduced a new possibility of paying cryptocurrencies for tourists, in partnership with Binance
6.39b USD
Salary and DK Bank. How does it work? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
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