Citizens will still be able to trade cryptocurrencies through regulated exchanges, however the essence of the ecosystem that is anonymous acquisition will be lost.
The Belarusian foreign ministry is working on a new law to ban P2P cryptocurrency transactionsThey assured that it is an effort to curb illegal activities. Although citizens will still be able to trade on the regulated platforms.
The Belarusian government is ready to take a tougher regulatory stance, is that the Belarusian Foreign Ministry reported that is working on legal amendments to ban peer-to-peer (P2P) cryptocurrency transactions.
As specified, P2P cryptocurrency services “are in demand among fraudsters who collect and convert stolen funds, transfer money to organizers or participants in criminal schemes.”
They also asserted that local prosecutors managed to discover 27 scammers that provide “illegal cryptocurrency exchange services” since January 2023.
Such unlawful practices amount to 22 million rubles, or $8.7 million.added the authorities in the note signed by Alexander Ringevich, Deputy Head of the GUPC of the Ministry of the Interior.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
