Belarusian President Lukashenko Backs Crypto and Cash Adoption to Navigate Sanctions
Belarusian President Aleksandr Lukashenko has called on the country’s financial sector to accelerate the adoption of cryptocurrency and cash payments, calling them essential tools for economic resilience.
Lukashenko’s words came during a meeting with central bank and commercial banking leaders, as the country faces sweeping sanctions over its support for Russia’s invasion of Ukraine and alleged human rights violations.
“Today, cryptocurrency-based transactions are more active than ever, and their role in facilitating payments is growing,” Lukashenko said according to local media. To him, the market now requires regulatory oversight, which he instructed the financial sector to move forward with.
He criticized banks for mistreating…
