Pakistan plans to build two state-owned mining farms

Pakistani government wants to open two mining farms in Khyber Pakhtunkhwa province.

The regional administration approved a pilot program to attract investment through the infrastructure of cryptocurrency mining. The Khyber Pakhtunkhwa authorities are planning to build two mining farms that will receive cheap electricity from nearby hydroelectric power plants. The project budget is not yet known.

Pakistan has already formed a special committee on cryptocurrency policy, which will develop the necessary additions and amendments to the legislation to legalize this field of activity..

Pakistan plans to build two state-owned mining farms

According to the provincial government science and technology advisor Zia Ulla Bangash, investors have been appealing for some time with offers to invest in the development of mining infrastructure in the region. As a result, the authorities were interested in this idea, since the project will have a positive impact on the economy of the region as a whole..

The significant growth of bitcoin attracted the attention of many large companies that have been actively entering this market since the beginning of the year..

text: Ivan Malichenko, photo: Reuters

Similar articles