đš JUST IN: Belarus tightens crypto regulations â banning individuals from using foreign exchanges đ§đŸ
According to media reports, including CNN-referenced coverage, Belarus has moved to restrict the use of foreign cryptocurrency trading platforms by residents, as part of a broader tightening of crypto rules.
Key Facts (verified)
đ Ban on foreign exchange use â A presidential decree has effectively banned individuals from buying or selling cryptocurrencies on foreign exchanges or through foreign brokers, requiring trading to be done only on platforms regulated within Belarus.
đ Domestic regulation focus â The rule applies especially to residents of Belarusâs Hi-Tech Park (HTP) and aims to ensure crypto activity happens on locally regulated platforms.
đ Access blocks underway â Authorities have already blocked access to certain major global crypto exchange sites (such as Bybit, OKX, Bitget) at the ISP level for Belarusian users.
đ Anti-illicit finance rationale â The ongoing regulatory push is framed by Minsk as part of a crackdown on illegal crypto activity, including efforts to curb illicit cross-border fund flows and fraud.
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đ§ Context: Belarus was previously among the more crypto-friendly jurisdictions in Eastern Europe, having legalized many crypto activities under its digital economy framework â but its stance has shifted toward greater state control and limits on unregulated platforms.
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đ Market impact: These tighter rules contribute to global regulatory pressure on crypto markets and may affect trading flows and on-chain activity among Belarusian users.
