Belarus President Demands Stricter Crypto Regulation to Shield Investors and National Economy

Belarus tightens the screws on crypto—presidential push aims to protect both pocketbooks and economic stability.

The Regulatory Hammer

No more wild west—new rules clamp down on exchanges and mandate transparency. Expect stricter KYC, reporting requirements, and oversight—all designed to curb fraud and volatility.

Investor Safeguards

Shielding citizens from rug pulls and exit scams takes center stage. The move signals a shift from hands-off to hands-on—state protection meets decentralized finance.

Economic Armor

Shoring up the national economy against crypto’s notorious swings. Because nothing says 'stable financial system' like trying to regulate the unregulatable—while traditional banks still trip over their own bailouts.

Push for regulatory overhaul

The President said he had ordered a comprehensive framework for digital tokens and crypto as far back as 2023, but no binding legislation has reached his desk until now. The country has also initiated plans to create a central bank digital currency tied to the Russian ruble.

He criticized the government for allowing “digital life” to outpace the law, urging officials to finalize regulations that guarantee financial stability while protecting investors.

Currently, digital asset activity in Belarus falls under the Hi-Tech Park, a special economic zone governed by Ordinance No. 8. The framework, introduced to foster the country’s IT sector, sets the legal foundation for token creation and trading.

Lukashenko acknowledged the framework but said it was insufficient and signalled that traditional state agencies WOULD soon play a larger role in the sector’s oversight.

Balancing security and investment

The measures Lukashenko outlined focus on creating transparent rules for market participants, including safeguards that ensure funds remain within the country.

At the same time, he stressed the importance of allowing legitimate local businesses and foreign investors to continue operating in what he called Belarus’ “digital haven.”

The government has not yet released a timetable for when new regulations will be enacted, but Lukashenko’s ultimatum indicates that the crypto industry in Belarus is likely to face a sharp increase in state scrutiny in the months ahead.