November 3, 2019 Profile of emerging blockchain startup ecosystems and mining ventures in eastern Europe.

As one example, a variety of blockchain businesses have emerged in Belarus, including large scale mining operations and trading groups, as a result of government subsidies and encouragement. Elsewhere, mining ventures utilize state-subsidized electricity grids with various degrees of govenrment support. Many see cryptocurrencies as a method of evading government sanctions and conducting money laundering operations.