Belarus Embraces Crypto: Lukashenko’s Bold Gamble 🤑

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In the shadow of a world teetering on the brink of financial absurdity, Belarus’ eternal helmsman, Alexander Lukashenko, has decreed the birth of crypto banks-a move as bold as it is bewildering. First Deputy Chairman Alexander Yegorov, with a straight face, proclaimed that these institutions shall rise within six months, as if summoning them from the ether itself.

Belarus Unveils Its Crypto Ambitions: Lukashenko’s Decree Opens Pandora’s Digital Vault

In a land where the winds of change blow as rarely as a honest word from a bureaucrat, Belarus now aspires to be the Eastern European beacon for the crypto faithful. A lofty goal, indeed, for a nation whose financial system has long been a monument to stagnation.

President Lukashenko, with the stroke of a pen, has signed the decree “On Crypto Banks and Certain Issues of Control in the Field of Digital Tokens,” a title as cumbersome as the bureaucracy it seeks to navigate. These crypto banks, we are told, shall be joint stock companies, blending the old with the new-traditional banking with the wild frontier of digital tokens. A hybrid, much like Belarus itself, caught between East and West, past and future.

To join this financial revolution, institutions must first secure residence in the Hi-Tech Park (HTP), a place dubbed the “Silicon Valley of Eastern Europe.” A grand title, perhaps, but one wonders if it is not merely a Potemkin village of innovation. They must also register with the National Bank, a process as labyrinthine as any in this land of red tape.

Lukashenko, ever the visionary, declares this move will make Belarus a “flagship in the field of financial IT technologies.” A bold claim, indeed, for a nation whose technological prowess has long been overshadowed by its neighbors. Yet, in this age of digital alchemy, who can say what is possible?

Alexander Yegorov, the First Deputy Chairman, assures us that the National Bank will labor for six months to adapt the regulatory framework. A herculean task, no doubt, for a system as rigid as a Soviet-era tractor. “We will work with investors, both domestic and foreign,” he declares, “so that crypto banks may spring forth like mushrooms after the rain.” 🍄

According to BelTA, Yegorov stated:

“In parallel, of course, we will work with all potential investors, both domestic and foreign, so that almost immediately after the preparation of all legislation, we can already see the first crypto banks in our country.” A promise as grand as it is uncertain.

Yegorov, with a gravity befitting the occasion, proclaims this decree “one of the most anticipated regulations”-not just in Belarus, but the world. A unique ruleset, he says, that will treat crypto assets and fiat holdings with equal regard. Banks shall issue cards linked exclusively to crypto accounts and loans secured by cryptocurrency. A revolution, indeed, or perhaps merely a gamble in a game where the rules are written in sand.

FAQ

  • What has Belarus done to embrace crypto banks? Lukashenko has signed a decree legalizing crypto banks, a move as daring as it is dubious. 🚀
  • What must institutions do to become crypto banks? They must secure residence in the Hi-Tech Park and register with the National Bank, a process as arduous as any in this land of bureaucracy. đź“ś
  • What does Belarus hope to achieve? Lukashenko dreams of making Belarus a leader in financial IT, a goal as ambitious as it is uncertain. 🌍
  • What unique features will these crypto banks offer? They shall issue crypto-linked cards and loans secured by cryptocurrency, a blend of the old and the new, the stable and the volatile. đź’¸

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2026-01-17 01:13