Belarusian President Aleksandr Lukashenko ordered lawmakers to develop clear policies for the country’s cryptocurrency market.
According to a Friday Report Through the local news agency Belarusian Telegraph Agency, Lukashenko said at a recent government conference that is important for Belarus to maintain trends. He said:
“The state’s work in these conditions is to determine the apparent, clear policies of the game and mechanism for control of this sphere. This is important because it is a new place for the country.”
Lukashenko said that in 2023, “he provided many instructions to ensure comprehensive regulation of the globe of digital tokens and cryptocurrencies.” He is referring to Decree of the President of Belarus. 80to call for the development of a national crypto framework.
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Belarus shows interest in crypto
The Belarus president noted that it was necessary to clearly determine the role of government agencies and that the government supported it as a special economic zone hi-tech park in the crypto industry. Comments follow Lukashenko’s instructions in March with his energy minister to Start developing the country’s cryptocurrency mining industry.
“See this mining,” Lukashenko said, according to a translated version of the report. “If it is earning for us, let’s do this. We have so much electricity. Let them do this cryptocurrency and so on.”
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Yes to crypto, but not really
While Belarus appears to be interested in cryptocurrency, it also seems to oppose decentralized and unauthorized nature. In the tag of 2023, the Belarus ministry was working on Legal amendments that prohibit peer-to-peer transactions In cryptocurrencies, such as Bitcoin.
That purpose was translated into a new law last year, when, in mid -September, Lukashenko signed Decision No.
The move aims to ensure state control over digital assets in the country. The announcement read:
“It is intended to promote the development of a transparent and controlled circulation of digital tokens, especially cryptocurrency.”
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