Belarusian Interior Ministry proposes to ban the exchange of cryptocurrencies between individuals
For transparency and control, citizens will be allowed to conduct such operations only through the exchanges of the High-Tech Park
03.07.2023 - 09:30
455
2 min
0
What’s new? The Ministry of Internal Affairs of Belarus is preparing amendments to the legislation, which will prohibit the exchange of cryptocurrencies between individuals. The press service of the Interior Ministry explained that “such services are in demand among scammers, who thus cash out and convert stolen assets, transfer sums of money to organizers or participants of criminal schemes.” So, for the sake of transparency and control such operations citizens will be allowed to carry out only through the exchanges of the High-Tech Park (HTP).
What else is known? Representatives of the Ministry of Internal Affairs reported that since the beginning of this year, employees of anti-cybercrime units have suppressed the activities of 27 persons providing illegal services for the exchange of cryptocurrencies. The total illegal income of the criminals amounted to almost 22 million Belarusian rubles ($7,2 million).
The Interior Ministry believes that “the introduction of practices similar to the order of the exchange of foreign currencies will make it impossible to withdraw money obtained by criminal means.” “In such circumstances, it will simply become unprofitable for scammers who use information technologies to operate in Belarus,” the department concluded.
Earlier, President Alexander Lukashenko signed a decree on the extension of tax preferences in the crypto sphere until January 1, 2025. The document also provides for the development of the concept of the sphere of digital tokens.
In June, an illegal crypto exchange was liquidated in Belarus, the damage from its activities amounted to at least 9 million Belarusian rubles. The defendants were accused of large-scale tax evasion and organization of similar offenses.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$90 044
BTC
-1.3%
-
Ethereum
$3 082.55
ETH
-2.99%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.06
XRP
-8.1%
-
Dogecoin
$0.363175
DOGE
-2.64%
-
Cardano
$0.73299
ADA
-3.92%
-
Bitcoin Cash
$434.19
BCH
-8.19%
-
Polkadot
$5.51
DOT
-4.04%
-
Litecoin
$87.28
LTC
-9.59%
-
Stellar XLM
$0.193464
XLM
+1.17%