Belarus Urges Banks Adopt Crypto as Sanctions Bite Economy
Belarusian President Alexander Lukashenko has reportedly pushed the country’s banks to expand how they use crypto, admitting that sanctions have greatly impacted the economy.
Lukashenko told the heads of Belarus’ central and commercial banks in a meeting that the use of digital tokens needs to be expanded, the state-owned Belarusian Telegraph Agency reported on Tuesday.
“Over the past five years, the national economy, and with it the Belarusian banking sector, have faced unprecedented challenges,” Lukashenko said. “The government and the National Bank have been given corresponding instructions. Now, act.”
Lukashenko’s latest push comes days after he told lawmakers to create transparent rules for the country’s…
