- On Monday, Lukashenka’s office published a new presidential decree
- A register of unreliable and suspicious crypto wallets will be created in the country
- This will reduce risks and crime rates
- The list will appear within three months
On Monday, 02 February, press service office of President Lukashenko published Decree No. 48. It is directly related to the circulation of digital assets in the country, and also introduces a number of significant changes in the legal field.
The state website indicates that the constant development of the cryptocurrency sphere needs monitoring and timely changes in the regulatory framework by the state. The result of this is the designated bill.
The essence of the bill is to create an additional register. It will keep a record of those crypto wallets that were involved in suspicious or illegal activities.
The project will be implemented by the Hi-Tech Park. This body was created specifically for the development of the IT sector in Belarus.
Such a registry can simultaneously reduce the level of crime in the crypto-currency sector, as well as mitigate the risks of entering the industry for retail investors.
The law will enter into force within three months from the date of publication of the document. This is another step towards the integration of cryptocurrencies into the traditional economic system of Belarus.
Lukashenko headed for the legalization of digital assets back in 2017 year. Then the bill “On the Digital Economy” was adopted. The president also proposed to create mining farms at the Belarusian nuclear power plant when it is completed.
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