Lukashenko signed decree on virtual wallets and cryptocurrency turnover
The President of Belarus, Aleksandr Lukashenko, signed Decree No. 48 On Register of Addresses (Identifiers) of Virtual Wallets and Special Aspects of Cryptocurrency Turnover – as reported by the Belarusian leader’s press service
Belarus is consistently developing its legal framework for regulating activities related to digital assets and – unlike many other states – allows free circulation of digital currencies. At the same time, constant monitoring of the situation and, if necessary, additions and clarifications of regulatory norms are needed – to exclude cases of shadow financing of prohibited activities, among other aspects. With this in view, a decree On Register of Addresses (Identifiers) of Virtual Wallets and Special Aspects of Cryptocurrency Turnover has been signed by the Head of State.
The document envisages formation of a register of addresses of virtual wallets – used in illegal activities – by the Hi-Tech Park, and establishment of a procedure for this register functioning.
The regulation aims to protect participants on the digital asset market against losses of property and to prevent unintentional involvement in activities prohibited by law.
