🇧🇾🚀 President Lukashenko to Launch Belarus’s National Cryptocurrency! 💥💰
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🔹 Belarus is actively developing its central bank digital currency (CBDC), the digital Belarusian ruble.
🔹 The National Bank of Belarus (NBB) has created a demo version and is building the platform for its rollout.
🔹 Businesses are expected to start using the CBDC in 2025, with a full nationwide launch planned for 2026.
🔹 The digital ruble aims to boost cross-border trade and reduce risks from international sanctions.
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📅 In October 2024, NBB Chairman Pavel Kallaur emphasized the need to update tax, banking, and budget laws in preparation for the CBDC launch.
💱 The digital ruble could enhance cross-border payments, especially with Russia, which is also developing its own digital currency.
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🪙 This move aligns with Belarus’s broader strategy to embrace digital assets.
📜 In February 2022, President Lukashenko signed a decree legalizing cryptocurrency transactions, providing a legal framework for digital asset activities.
😓 However, in September 2024, Belarus banned cryptocurrency trading outside of local exchanges to ensure security and prevent fraud.