Belarus Aims to Strengthen Position as Crypto ’Digital Haven’, President Lukashenko Urges Regulatory Action

Belarus President Aleksandr Lukashenko has called for accelerated cryptocurrency regulation to solidify the country's role as a digital asset hub. Speaking through state media BelTA, Lukashenko emphasized the need for transparent rules and robust oversight mechanisms to align with global crypto adoption trends while protecting investors.

The president revealed that nearly half of cryptocurrency transfers abroad by Belarusian investors failed to return, highlighting systemic vulnerabilities. This capital leakage—attributed to regulatory gaps, platform failures, or unrepatriated outflows—prompted Lukashenko to demand immediate action from the Hi-Tech Park and financial regulators.

With technological innovation outpacing legislation, Belarus faces mounting pressure to develop specialized legal frameworks. The president's directives focus on clarifying jurisdictional boundaries between regulators and the Hi-Tech Park, which oversees the nation's digital economy zone.