[ET Net News Agency, 23 April 2018] Blockchain Group Company (00364) said it has decided not to have any operation in Belarus after careful consideration.
Blockchain Group said earlier it entered into a non-legally binding memorandum of understanding with Edra Korea (EDRA). The parties intend to establish a joint venture in Korea for the purposes of operating cryptocurrency calculation data centers globally and operating other blockchain related projects. EDRA shall be responsible for the operations of the JV and shall support the JV with its technical team and procure the enjoyment by the JV of EDRA's rights under the low electricity cost cooperation agreements in Kazakhstan and Belarus. (HL)
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