The post Belarus Moves Toward National Framework for Cryptocurrency appeared on BitcoinEthereumNews.com. Regulations Belarus is moving to define its place in the crypto world. President Aleksandr Lukashenko has told lawmakers to set out clear and transparent rules for digital assets, arguing that the country needs to keep pace with global trends but without giving up state oversight. At a recent government meeting, Lukashenko said agencies must work out who regulates the industry and how the country’s Hi-Tech Park — Belarus’s IT hub — will be involved. The call builds on his earlier Decree No. 80, which set the stage for a national crypto framework last year. Mining on the Table The president has also floated the idea of using Belarus’s excess electricity for cryptocurrency mining. Earlier this year, he asked his energy minister to examine whether large-scale mining could become a profitable venture for the country, saying bluntly: “If it makes sense for us, let’s do it.” Tight Grip on Trading Despite showing interest in blockchain, Minsk has already put limits on how its citizens can use crypto. In September 2023, Lukashenko signed Decree No. 367, banning peer-to-peer transactions and forcing individuals — even entrepreneurs in the Hi-Tech Park — to trade only through approved local exchanges. Officials say the ban is meant to ensure “transparent and controlled” circulation of tokens. Balancing Openness and Control The government’s approach reflects a mix of curiosity and caution: it wants to benefit from mining and regulated trading, but it won’t allow fully decentralized use of cryptocurrencies. How these new rules are drafted will decide whether Belarus can attract serious crypto activity — or whether heavy state control keeps innovation on the sidelines. The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct… The post Belarus Moves Toward National Framework for Cryptocurrency appeared on BitcoinEthereumNews.com. Regulations Belarus is moving to define its place in the crypto world. President Aleksandr Lukashenko has told lawmakers to set out clear and transparent rules for digital assets, arguing that the country needs to keep pace with global trends but without giving up state oversight. At a recent government meeting, Lukashenko said agencies must work out who regulates the industry and how the country’s Hi-Tech Park — Belarus’s IT hub — will be involved. The call builds on his earlier Decree No. 80, which set the stage for a national crypto framework last year. Mining on the Table The president has also floated the idea of using Belarus’s excess electricity for cryptocurrency mining. Earlier this year, he asked his energy minister to examine whether large-scale mining could become a profitable venture for the country, saying bluntly: “If it makes sense for us, let’s do it.” Tight Grip on Trading Despite showing interest in blockchain, Minsk has already put limits on how its citizens can use crypto. In September 2023, Lukashenko signed Decree No. 367, banning peer-to-peer transactions and forcing individuals — even entrepreneurs in the Hi-Tech Park — to trade only through approved local exchanges. Officials say the ban is meant to ensure “transparent and controlled” circulation of tokens. Balancing Openness and Control The government’s approach reflects a mix of curiosity and caution: it wants to benefit from mining and regulated trading, but it won’t allow fully decentralized use of cryptocurrencies. How these new rules are drafted will decide whether Belarus can attract serious crypto activity — or whether heavy state control keeps innovation on the sidelines. The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct…