🇧🇾 Belarus tightens the screws on crypto
President Alexander Lukashenko called for stricter regulation of cryptocurrencies, explaining this as a protection for investors and the country's economy.
What they plan to do:
• 🔎 Introduce a stricter 'suitability and integrity' test for cryptocurrency company controllers.
• 📉 Lower the notification threshold for changes in control from 25% to 10% — now even minority deals will be under supervision.
• ⚖️ The goal is more transparency, less risk of money laundering and fraud.
It looks like a step towards a 'clean' market, but there is also a risk: part of the crypto business may move to other jurisdictions.
❓What do you think, will this really protect investors or simply stifle the development of crypto in Belarus?
