Senegal eyes Bitcoin mining as it restructures its debt

A government-approved pilot to monetize stranded renewable power arrives as Dakar negotiates with creditors under the G20 Common Framework Senegal has a debt problem and an electricity problem. Interest in Bitcoin mining is now growing in the country, and the pitch is simple: turn power nobody is using into dollars at a moment when dollars are exactly what the government needs. The timing is not subtle. Dakar is in the middle of renegotiating its external debt, and a Bitcoin mining pilot cleared by the Prime Minister’s Office lands squarely inside that process.

Source: Crypto Briefing