Belarus General Prosecutor Warns About Cryptocurrency’s Use in Tax Evasion
Aleksandr Konyuk said cybercrime was impacting peoples’ everyday lives and jurisdictions should study areas such as crypto as a result.
Speaking as Belarus hosted the International Prosecutors Association’s regional conference, Aleksandr Konyuk said the time had come for all attendants’ authorities to study cryptocurrency use.
“Multiple new understandings have emerged, and it is necessary to study the situation with bitcoin and cryptocurrency. These are things that are entering our lives. For example, cryptocurrency constitutes a serious risk for tax evasion.”
The concept that cryptocurrency plays a major role in cybercrime continues to emerge from various governments, while critics play down the idea that it is becoming perpetrators’ go-to financing method.
In neighboring Russia, meanwhile, with which Minsk has unique economic ties, authorities continue to waver over how to deal with cryptocurrency use.
Most recently, the country’s central bank said it was against legalizing bitcoin and altcoins for use as a payment instrument. Another lawmaker delivered a verdict similar to Konyuk’s in comments last month.