Belarusian President Alexander Lukashenko has called for accelerating the use of cryptocurrency and cash payments in his country's financial sector. Lukashenko emphasized that these financial instruments are critical to ensuring economic resilience.
Belarus has been subjected to heavy sanctions over its support for Russia's invasion of Ukraine and human rights violations. In a meeting with representatives of the central bank and commercial banks, Lukashenko noted that cryptocurrency transactions are becoming increasingly active and their role in payments is growing.
The president also stressed the need to complete the regulatory framework in the sector as soon as possible. Lukashenko harshly criticized the banking sector, stating that as of 2026, practices such as the forced sale of insurance to customers, the refusal to accept old dollar banknotes and rising transaction fees will require disciplinary action. He underlined that a successful economic model requires banks to operate in a transparent and fair manner.
Lukashenko, who ordered the introduction of an instant payment system by the end of the year, emphasized the importance of real-time transfers between banks. He proposed cryptocurrency-based solutions for the continuation of trade under sanctions. Belarus' gold and foreign exchange reserves reached 12.5 billion dollars. Rising gold prices are strengthening the country's reserves. This year, Belarus has seen daily foreign cash sales of $30 million, indicating that the country is rapidly moving away from dollarization.
Lukashenko has stated that he aims to make Belarus a crypto-friendly hub by pressing regulators to complete the cryptocurrency framework. These steps make it clear that Belarus is looking for alternative solutions in the face of financial sanctions.
⚖️ Yasal Uyarı:Bu içerik yatırım tavsiyesi niteliği taşımaz. Yatırımlarınızla ilgili kararlarınızı kendi araştırmalarınız ve risk profilinize göre almanız önerilir.
cryptocurrency, Belarus, economic resilience, Aleksandr Lukashenko, financial sector, crypto-friendly center, sanctions