Belarus announces the formation of a task force to combat illegal cryptocurrency transactions

ChainCatcher news, according to Cryptopolitan, the National Bank of the Republic of Belarus (NBRB) has announced the formation of a special task force to combat illegal cryptocurrency transactions. This decision was made following a meeting between representatives of Belarusian banks and representatives of government-approved cryptocurrency companies.

The meeting mainly discussed how to prevent unauthorized payment transactions and illegal cross-border fund transfers through licensed cryptocurrency platforms within Belarus. The participants reached a consensus that comprehensive measures are needed to effectively combat existing illegal transaction models in the shadow economy. At the meeting held on Monday, Belarusian bankers and fintech experts identified methods to address illegal cryptocurrency circulation. The monetary authorities stated in a declaration that the establishment of a dedicated task force is one of the measures agreed upon at the meeting.