The Ministry of Finance and the National Economy of Bahrain has entered into an agreement with a specializing in the sale, installation and maintenance of mining equipment with Crypto Mins. A joint project provides for the creation of data processing centers equipped with high -performance equipment for the extraction of cryptocurrencies.
Minister of Finance and National Economy Bahrain, Sheikh Salman Bin Caliph al -Khalifa Al Khalifa) saidthat, unlike other countries of the Persian Gulf, the Bahrain economy does not much depend on oil, so the development of cryptocurrency and mining is a good solution for diversification of sources of state income.
The official said that now in the country, with the support of Siemens and Hitachi companies, state electric networks are being modernized, which should lead to an increase in substation capacities. Bahrain plans to use his competitive advantages – access to renewable energy sources and a favorable investment climate – to attract international mining companies, Sheikh assured.
Earlier, Salman Bin Caliph al Caliph said that the Central Bank of Bahrain has begun to develop the rules for regulating stablecoins.
Source: Bits
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