Belarus planning to ban P2P crypto transactions

2023-7-3 12:54

Belarusian President Alexander Lukashenko in 2022 signed a decree allowing free circulation of cryptocurrencies like Bitcoin in the country. The announcement somewhat seems to contradict the previous stand that Belarus has had on cryptocurrencies. If effected, Belarusians will not be allowed to use peer-to-peer crypto exchanges.

The foreign ministry of Belarus is drafting new legislation to outlaw peer-to-peer (P2P) cryptocurrency transactions of cryptocurrencies like Bitcoin.

On July 2, the Republic of Belarus’ Ministry of Foreign Affairs (MFA) made a formal announcement on Telegram regarding the new legislation that will outlaw peer-to-peer (P2P) cryptocurrency transactions for individuals.

Belarus’ Ministry of Foreign Affairs (MFA) announcement runs somewhat afoul of the recent laws that Belarus has passed. President Alexander Lukashenko of Belarus officially endorsed the free circulation of cryptocurrencies like Bitcoin in 2022.

Belarus cites high rate of cybercrime

The authorities cited Belarus’ high rate of cybercrime and claimed that since the year’s beginning, local prosecutors have stopped 27 citizens from offering “illegal crypto exchange services.”

The total earning from illicit earnings totalled about 22 million Belarusian rubles ($8.7 million).

According to the foreign ministry, cryptocurrency P2P services are “in demand among thieves who cash out and convert stolen funds and transfer money to criminal scheme organizers or participants.”

The MFA will forbid individuals from P2P and only permit them to exchange cryptocurrencies only through cryptocurrency exchanges registered with Belarus Hi-Tech Park in order to eradicate such illicit activity (HTP). It also stated that it intends to implement a practice that will make it “impossible to withdraw money obtained from illegal activity,” similar to the process for exchanging foreign currencies.

The post Belarus planning to ban P2P crypto transactions appeared first on CoinJournal.

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Источник: coinjournal.net

cryptocurrencies belarus → Результатов: 20


Фото:

New Presidential Decree Allows Free Circulation Of Cryptocurrencies In Belarus

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Belarusbank, the largest bank of Belarus, is the latest one to announce that it will provide its customers the opportunity to buy and sell cryptocurrencies using Visa payment cards. According to a recent report, the crypto trading service will be allowed against the fiat currencies, including the Belarusian ruble, the euro, and the US dollar.

2020-11-16 15:41


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Here’s How Belarus Pressures Russia to Legalize Cryptocurrencies

Relations between Belarus and Russia have always been quite complicated. The union the two close allies created has faced all kinds of challenges over its 20 plus years of existence. Now cryptocurrency is becoming a new apple of discord, as Minsk has taken a relatively friendly approach to regulating decentralized assets, while some in Moscow […] The post Here’s How Belarus Pressures Russia to Legalize Cryptocurrencies appeared first on Bitcoin News.

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