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Belarus President Urges Acceleration of Cryptocurrency Regulatory Mechanism Development

Summary: According to BelTA, Belarus President Lukashenko instructed relevant departments at a government meeting to develop transparent rules and regulatory mechanisms in the field of digital tokens and cryptocurrencies. He emphasized that currently, the sector is mainly managed by Hi-Tech Park in accordance with Article 8 of the Digital Economy Development Act, but there are issues ...

According to BelTA, Belarus President Lukashenko instructed relevant departments at a government meeting to develop transparent rules and regulatory mechanisms in the field of digital tokens and cryptocurrencies. He emphasized that currently, the sector is mainly managed by Hi-Tech Park in accordance with Article 8 of the Digital Economy Development Act, but there are issues such as funds flowing overseas and not returning. The president called for clarifying the responsibilities of the government and Hi-Tech Park, and implementing new regulations to ensure financial security and legal business operations.

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Link: Belarus President Urges Acceleration of Cryptocurrency Regulatory Mechanism Development [Copy]

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