Belarus called for a ban on cryptocurrency exchange transactions
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The Ministry of Internal Affairs of Belarus is preparing initiatives that at the legislative level will prohibit transactions for the exchange of crypto-currencies between individuals, citizens can only be allowed such financial transactions through the exchanges of the High Technology Park (HTP), said Alexander Ringevich, Deputy Head of the Main Directorate of the Ministry of Internal Affairs of the Republic.
By data police, since the beginning of the year, employees of the cybercrime counteraction units have stopped the activities of 27 people who illegally helped to exchange cryptocurrency. The total illegal income from such activities amounted to almost 22 million rubles, Ringevich said. According to him, cryptocurrency exchange services are in demand among scammers who, according to the department, cash out and convert stolen funds and transfer money to organizers or participants in criminal schemes.
“In order to exclude such facts, the Ministry of Internal Affairs is working on legislative innovations that prohibit transactions for the exchange of cryptocurrency between individuals. For transparency and control, citizens will be allowed to carry out such financial transactions only through the HTP exchanges,” Ringevich said.
New rules may be introduced by analogy with the procedure for exchanging currencies. This practice will make it impossible to withdraw money obtained by criminal means, and it will become “unprofitable” for IT fraudsters to operate in the country.
Belarus became the first country in the world to legalize cryptocurrency activities on its territory. President of the Republic Alexander Lukashenko proposed to open farms for bitcoin mining. At the end of March, Lukashenka signed Decree on the extension of tax preferences in the cryptosphere until January 1, 2025
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