Belarus President Aleksandr Lukashenko has reportedly issued a renewed directive to fast-track comprehensive cryptocurrency regulations, emphasizing the need for transparent oversight and legal clarity in the rapidly evolving digital asset space. According to a report, Lukashenko issued the directive while speaking at a government conference focused on digital tokens.

As per the report, the Belarusian leader urged officials to establish “understandable, transparent rules of the game” to ensure the country remains competitive and technologically relevant.

Lukashenko’s remarks come amid growing concerns about regulatory gaps and financial risks in the country’s crypto sector. “Digital life is starting to get ahead of the law,” he said, noting that the rapid expansion of digital assets is outpacing Belarus’s current legal framework. He stressed the urgency of defining clear roles for government agencies and the Hi-Tech Park, the country’s designated hub for tech innovation, in managing crypto-related activities.

He also expressed frustration over delays in implementing previous instructions. “Back in 2023, I gave a number of directives to ensure comprehensive regulation of digital tokens and cryptocurrencies. However, I still don’t have approved documents on my table,” he said.

Belarus’s journey into the crypto space began in earnest with the adoption of Ordinance No. 8 “On the Development of the Digital Economy” in December 2017. This landmark decree legalized cryptocurrency transactions, mining, and token issuance, while offering generous tax exemptions to companies operating within the Hi-Tech Park—a special economic zone designed to attract tech startups and blockchain ventures.

Under Ordinance No. 8, crypto businesses in the Hi-Tech Park enjoy tax-free treatment until 2049 and are subject to anti-money laundering (AML) and know-your-customer (KYC) requirements. The framework was initially hailed as one of the most progressive in Eastern Europe, positioning Belarus as a potential digital haven for crypto entrepreneurs.

However, recent developments suggest that the system may be showing signs of strain. A report from the State Control Committee revealed irregularities in the registration of financial operations among crypto platform operators. Lukashenko cited troubling findings:

Monetary assets of Belarusian investors transferred abroad do not return in half of the cases. It won’t do.

In light of these issues, Lukashenko has called for a recalibration of the regulatory framework. He instructed officials to identify the “key, principled moments” that should guide new legislation—ensuring that legitimate businesses, both domestic and foreign, can operate securely and confidently in Belarus’s digital economy.

The Belarusian leader emphasized that the goal is not to stifle innovation but to guarantee financial stability and protect the interests of the state, citizens, and the private sector. “We must allow bona fide commercial entities to continue working calmly in our digital haven,” he said.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。