Laos partners with Soramitsu on CBDC research as regulated crypto mining begins
Soramitsu, the firm that helped build Cambodia’s Bakong digital payments system, will work with the Laos government to research what a Laotian CBDC might look like. 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 of understanding between Laos’ central bank and the Japan International....
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Southeast Asian country of Laos is planning to reroute power away from Bitcoin and crypto mining operations by the end of Q1 2026. Laos To Direct Power From Crypto Mining To AI, EVs As reported by Reuters, Laos is looking to shift energy to industries that contribute more to economic growth than mining operations related […]
The Southeast Asian nation of Laos changed its official policy, authorizing six companies to trade and mine Bitcoin while the government begins to draft regulations about its use.
Laos has authorized a series of cryptocurrency mining and trading projects in the country, looking for another source of income to supplement the losses caused by the drop in tourism due to COVID-19 related measures. Six companies have been authorized to start cryptocurrency trading and mining operations in the country, according to the office of the prime minister.
Laos Embraces Digital Currencies
Laos has authorized mining and trading operations in its territory, contradicting policies from its central bank that issued warnings against crypto just a month before. The move comes....
Laos is exploring a new way to service the debts from its decades-long hydropower build-out: turning excess electricity into Bitcoin. In a report published on September 17, the South China Morning Post framed the pivot bluntly: “Saddled with debt and surplus electricity, the ‘battery of Southeast Asia’ is eyeing energy-intensive crypto mining to turn a […]
The central bank of Laos has issued licenses to two cryptocurrency trading platforms. Lao Digital Assets Exchange (LDX) and Bitqik are now the only two licensed entities that can offer full brokerage and trading services in cryptocurrencies and other digital assets in the country.
2 Cryptocurrency Exchanges Authorized in Laos
Laos’ central bank, the Bank of the Lao P.D.R. (BOL), has reportedly issued licenses to two companies to trade in cryptocurrencies, local media reported Wednesday.
The first authorized platform is Lao Digital Assets Exchange (LDX), a....