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Laos Government Hosts Inaugural Ministerial Conference on Blockchain 4.0 Digital Transformation

The Laotian government reportedly hosted the inaugural Ministerial Conference on Blockchain 4.0 Digital Transformation in the country’s capital, Vientiane. The conference, led by Laotian Prime Minister Sonexay Siphandone, was attended by blockchain experts and various leaders from the main economic departments within the country.

The event proposed the formation of a Blockchain Technology Transformation Committee responsible for ensuring legal compliance and drafting legislation pertinent to the digital economy.

The conference outlined several goals for Laos’ digital economy development, including using digital technology to generate new fiscal revenue, bolster foreign exchange reserves, foster sustainable economic growth, enhance living standards and boost international competitiveness in the short term.

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