Alexander Lukashenko, the president of Belarus, instructed the government to urgently develop clear rules for regulating the cryptocurrency market. At a meeting on the development of digital technologies, he emphasized the need for transparent control mechanisms to protect citizens from fraud and illegal operations. According to him, Belarus should not lag behind global trends, but the priority is security and preventing the outflow of funds through foreign cryptocurrency exchanges. Decree No. 367 dated September 17, 2024, has already prohibited individuals from buying or selling cryptocurrencies outside local platforms, such as residents of the High Technology Park (HTP).
These measures are aimed at developing a controlled circulation of digital assets and combating money laundering. However, experts, including Hlib Yakushev from REVERA, note that the lack of clear explanations regarding responsibility for violations may complicate implementation. By November 1, 2025, the Council of Ministers must propose mechanisms for administrative responsibility. Critics point out that strict regulation may stifle innovation, while supporters consider it a step towards legalizing the crypto market.
Belarus, known for its High-Tech Park, aims to become a regional crypto hub, but success depends on balancing control and freedom. Stay tuned for news and subscribe to #MiningUpdates
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