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Belarusian Central Bank Drafts Rules to Permit Crypto Payments Amid Sanctions
Belarusian Central Bank Drafts Rules to Permit Crypto Payments Amid Sanctions
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BTCCSquare news:
The National Bank of the Republic of Belarus (NBRB) has prepared legislative amendments aimed at achieving "breakthrough results" in cryptocurrency utilization, including payments under international sanctions. Governor Roman Golovchenko emphasized the growing domestic crypto market, currently dominated by exchanges registered in the Belarus Hi-Tech Park (HTP), a special economic zone with tax incentives for IT firms.
The move builds on Decree No. 8, signed by President Alexander Lukashenko in 2017, which legalized crypto mining and trading. This development signals Belarus's strategic pivot toward digital assets as both an economic catalyst and a potential workaround for financial restrictions.
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