Express
Belarus May Impose Restrictions On Foreign Exchanges, Causing Citizens To Purchase Crypto Assets
Summary: Per a Telegram post from Belarus Economy on August 22, a channel with over 29,000 members, the president Alexander Lukashenko regime is set to issue a crackdown on foreign exchange and banking actives. The post’s authors claim that draconian measures are in the pipelines in Minsk, with all foreign exchange purchases set to be outlawed ...
Per a Telegram post from Belarus Economy on August 22, a channel with over 29,000 members, the president Alexander Lukashenko regime is set to issue a crackdown on foreign exchange and banking actives.
The post’s authors claim that draconian measures are in the pipelines in Minsk, with all foreign exchange purchases set to be outlawed except for intelligence agency-approved trades, a ban on “transactions with foreign partners,” a ban on trade deals that make use of foreign currencies and the creation of a body that will be authorized to freeze and block international transactions.
Some believe that should banks cooperate in plans like those outlined above, citizens’ assets could essentially become worthless – leading them to seek alternatives like crypto purchases.
Tracy Chen
Tags: Belarus
Link: Belarus May Impose Restrictions On Foreign Exchanges, Causing Citizens To Purchase Crypto Assets [Copy]
