Belarusian president Aleksandr Lukashenko called on the country’s financial sector to speed up the adoption of cryptocurrency and cash payments, calling them important tools for elastic economic.
Lukashenko’s words Penalty In its support of Russian invasion of Ukraine and alleged human rights violations.
“Now, cryptocurrency -based transactions are more active than ever before, and their role in facilitating payments is growing,” Lukashenko said according to Local media. To him, the market today requires regulatory administration, which he ordered the financial sector to move forward.
He criticized the banks for cultivating customers, including insurance forcing lenders or denial of old dollar bills, and said any abuses would lead to disciplinary action starting in 2026.
“Don’t just think in terms of income,” said Lukashenko, pointing to increased fees, misuse of bank income, and doubtful lending skills.
Lukashenko called for the control of an instant payment system by the end of the year, to allow real-time bank transfers to a bid to improve liquidity. To maintain the flow of trade amid penalties, he taught potential cryptocurrency-based turnarounds.
Belarus’s Gold and Foreign Exchange reserves reached $ 12.5 billion according to the news outlet, reinforced by The rising price of gold.
Earlier this month, Lukashenko pressed the regulators to Finish a plot for cryptocurrencies As it moved to the country’s cement as a crypto-friendly hub. Belarus’s growing embrace of Crypto came in the middle of a sharp de-dollarization trend that saw it sells $ 30 million in foreign cash each day this year according to the report.
