Belarus President Pushes for Cryptocurrency Regulation and Oversight
- President Aleksandr Lukashenko urged regulators to finalize overdue rules for cryptocurrencies and digital tokens.
- He highlighted that about half of the funds transferred abroad by Belarusian investors did not return, citing unacceptable violations in transaction records.
- Lukashenko called for “transparent rules of the game” to align with global crypto adoption while ensuring investor protection.
- He instructed the Hi-Tech Park to draft regulations that would reassure businesses operating within Belarus’ digital economy.
- Belarus has a framework for digital assets established by Decree No. 8, which legalized activities like crypto mining and token sales for Hi-Tech Park residents.
Lukashenko’s remarks reflect a growing urgency to complete the regulatory framework initially set forth in a decree aimed at fostering a favorable environment for blockchain startups and digital asset transactions.
The push for regulation comes as Lukashenko seeks to address issues with funds not returning from foreign platforms, emphasizing the need for oversight in the cryptocurrency space. (Source)
