In brief
- President Lukashenko said tokenization can cut intermediaries, automate deals, and boost user control.
- Belarus has seen $1.7 billion in crypto payments this year, with $3 billion projected, according to Lukashenko.
- Russia-aligned states like Kyrgyzstan have shown similar sanction-driven patterns.
Belarusian President Alexander Lukashenko is urging the nation’s banks to ramp up their use of digital assets in a bid to blunt the impact of Western sanctions.
“Today, cryptocurrency-based transactions are more active than ever, and their role in facilitating payments is growing,” Lukashenko said in a meeting held on Tuesday with officials from the country’s National Bank, including heads of the country’s top commercial…
Oct 11 2025
