Regulation Of Cryptocurrency In Belarus

Not long ago our associate Gleb Yakushev participated in the seminar for small and medium businesses, which was organized within the United Nations' Global contract project. At the seminar he spoke about the existing regulation of crypto activity in Belarus and answered participants' questions.

Here are some main points of his speech.

No, the use of digital signs (tokens) as a means of payment in the Republic of Belarus is not permitted.

On the territory of Belarus, the legal means of payment is the Belarusian ruble, in some cases it is allowed to use foreign currency. (Part 1, Clause 1, Article 141 of the Civil Code)