From China, let’s head south to Laos. The Financial Times is reporting this morning that Laos has authorized mining and trading crypto, and this is a pretty serious about-face for the country, given that just last month, their central bank warned banks, companies and people against the ills of using crypto. Still, it’s hard not to see how this makes sense. China bans crypto mining, miners start to figure out where they’re going to pick up and move operations, some might move to North America, indeed, we’ve seen that happen, but others might be looking for easier, overland moves, boom, there is Laos bordering to the south. From an energy profile perspective, it makes a ton of sense. It produces a surplus of hydroelectric. Indeed, with hydroelectric, they can even claim to be clean bitcoin mining energy. So far, six companies have been authorized to begin mining and trading crypto, including construction groups and a bank. The industries will be regulated by the Bank of Laos and the country’s national power utility,É lectricité du Laos.