šØ JUST IN: Belarus tightens crypto regulations ā banning individuals from using foreign exchanges š§š¾
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)
š Ban on foreign exchange use ā 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.
š Domestic regulation focus ā The rule applies especially to residents of Belarusās Hi-Tech Park (HTP) and aims to ensure crypto activity happens on locally regulated platforms.
š Access blocks underway ā Authorities have already blocked access to certain major global crypto exchange sites (such as Bybit, OKX, Bitget) at the ISP level for Belarusian users.
š Anti-illicit finance rationale ā 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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š§ Context: Belarus was previously among the more crypto-friendly jurisdictions in Eastern Europe, having legalized many crypto activities under its digital economy framework ā but its stance has shifted toward greater state control and limits on unregulated platforms.
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š 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.
