Russia-linked crypto exchange Exmo will no longer provide services to users from Russia, Belarus and Kazakhstan.
Belarus News
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“In these circumstances we can no longer continue to serve our clients from Russia,” said Vitalii Kedyk, CEO of Currency.com’s Ukraine arm.
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The expansion of sanctions follows the commission announcing in February that it would be removing several Russian banks from the SWIFT cross-border payment network.
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"Visa and Mastercard dig their own graves by politicizing their products and pushing people all over the world toward Bitcoin," said Marty Bent.
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As some platforms freeze accounts linked to Russia and Belarus, Binance said it will not block innocent Russians’ crypto assets.
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The decree provides a legal basis for Belarus Hi-Tech Park to set up a register of crypto wallets used in illegal activities.
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Belarus has lots of abandoned industrial sites that could be used to generate revenue through cryptocurrency mining, the Belarusian president said.
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The Eurasian Economic Union’s member states did not support an initiative to synchronize crypto regulations.
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The administration of Belarus Hi-Tech Park is the best authority to regulate the crypto market in the country, First Deputy Prime Minister Nikolai Snopkov said.
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The Ministry of Energy of the Republic of Belarus has launched an investigation into the potential pros and cons of crypto mining.
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Another bank is reportedly moving into crypto amid a major bull run in crypto markets.
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The pandemic-induced crisis is galvanizing new trends across all aspects of the global economy, including digital currencies.
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Kuna’s founder stated that the exchange does "not support violence" or "engage in dialogue with opponents."
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A major crypto company is offering outs to its employees as the situation in Belarus grows more tense.
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Will the political turmoil in Belarus put an end to the development of digital technologies and the financial freedom of its citizens?
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