Crypto’s Turning Point? US Promises to End Crypto Debanking, Belarus Embraces...
Even as the Trump administration vigorously works to fulfill its promise to end crypto debanking, another country rediscovers one of crypto’s core principles. Decentralization in Belarus offers a crucial way to bypass economic sanctions, echoing one of crypto’s core principles. Both the US and Belarus show how crypto and tokenization are shifting from the outskirts of financial innovation to the heart of regulatory and economic strategies. Regulatory Shift in the U.S. From Exclusion to Inclusion Jonathan Gould, head of the U.S. Office of the Comptroller of the Currency (OCC), has announced....
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The President of Belarus, Alexander Lukashenko, urged his fellow citizens to remain in the country and mine crypto. This, he says, is preferable to going abroad to Poland and Germany, like many have before, to work low-paid farming jobs. Is This The Start Of Belarus Turning To Crypto? The comments came at a speech to […]
Authorities in Belarus have no intentions to adopt stricter rules for the country’s crypto space. That’s despite neighboring Russia, a close partner in many areas, considering a blanket ban on а number of activities related to cryptocurrencies as suggested by the central bank in Moscow. Belarus to Keep Favorable Crypto Regulations Officials in Belarus do not plan to tighten the country’s regulatory framework for the crypto sector, a statement has indicated. This comes as Russia, which is a close economic ally, is mulling over a proposal to impose harsh....
Authorities in Belarus have mastered the seizure of cryptocurrencies, the head of the country’s Investigative Committee revealed in a recent interview. The high-ranking law enforcement official claims the state has already confiscated crypto assets worth millions of dollars. Companies Allegedly Help Belarus Government With Crypto Seizure Belarus had to deal with the challenge of how to seize cryptocurrencies when they were first used in drug trade and later economic crimes, Dmitry Gora, who heads the nation’s Investigative Committee, told the state-run ONT channel. He added....
Implementing a recently signed presidential decree, the government of Belarus has introduced a procedure allowing the state to seize digital currency holdings. The move will grant law enforcement authorities in Minsk powers to seize crypto assets linked to illegal activities. Justice Ministry Regulates Confiscation of Digital Coins in Belarus The Ministry of Justice of Belarus has established a legal procedure for the seizure of cryptocurrency funds as part of enforcement proceedings, the crypto news outlet Forklog reported, quoting an announcement released by the department. The measure....
The crypto-friendly nation of Belarus is preparing to permit investment funds to put money into digital currencies. A proposal to do so is part of a package of necessary legal changes tailored to attract such institutions to the country. Finance Ministry Takes Steps to Facilitate Crypto Investments in Belarus Amendments aimed at luring investment funds to Belarus have been published by the Ministry of Finance for public consultations. Despite having in place a regulatory framework for collective investments, not a single fund has been registered in the country so far, the department noted....