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Putin Reveals Over 85% of CIS Trade Now in National Currencies


Russian President Vladimir Putin announced that more than 85% of trade within the Commonwealth of Independent States (CIS) is now conducted in national currencies, highlighting a move toward greater financial independence. This development is part of broader efforts by CIS countries to reduce...

Belarusian President Claims Decline in US Dollar and Euro Use Globally


Belarusian President Alexander Lukashenko stated that many nations are reconsidering their use of the U.S. dollar and euro due to recent global financial tensions. Speaking in Minsk, Lukashenko highlighted that this shift is not limited to Belarus and Russia, but is observed worldwide....

Belarus Actively Developing CBDC Platform on Hyperledger Fabric Blockchain


Belarus is at the forefront of financial innovation as it takes significant strides towards introducing its Central Bank Digital Currency (CBDC), the digital Belarusian ruble. In collaboration with the Center for Banking Technologies, the National Bank of Belarus is leveraging the open Hyperledger...

Belarus Set to Launch Hyperledger Fabric-powered Digital Ruble Platform


Belarus is edging closer to the launch of its CBDC, the digital Belarusian ruble, with a new “platform” built on the open Hyperledger Fabric blockchain network. Per Ekononmicheskaya Gazeta, the National Bank of Belarus and the Center for Banking Technologies “began developing a platform for...

Belarus Wants to Use Its CBDC to Evade Sanctions


Source: christophe/Adobe Belarus wants to accelerate the launch of its CBDC as it looks to evade US and EU-led sanctions and let its firms trade with international partners. Per Belarus’ Ekonomicheskaya Gazeta, President Alexander Lukashenko could issue a CBDC-related verdict in the coming days....

Belarus Looks to Ban P2P Crypto Trading – Crackdown Incoming?


Belarus is set to ban peer-to-peer (P2P) crypto “exchanges” – in a blow to traders operating in the country. In a Telegram post from the Ministry of Internal Affairs, government officials said they were “preparing proposals for legislation” that would “prohibit the exchange of cryptocurrency...

Tax Benefits for Bitcoin Businesses in Belarus Extended Until 2025


Tax exemptions for companies and individuals legally working with cryptocurrencies in Belarus will remain in place until Jan. 1, 2025. A new presidential decree extends the tax cuts introduced in 2018 when the executive power in Minsk legalized crypto activities such as mining and trading. Belarus...

Belarus Says Crypto Firms Can Operate Tax-free Until 2025


Belarus is continuing its bid to woo crypto firms – by extending tax exemptions for token miners and developers until 2025. Per the Belarusian media outlet AFN, President Aleksander Lukashenko this week signed a decree that will allow miners and other crypto business operators to do business...

Belarusian Fined $1 Million for Illegal Crypto Trading


A Belarusian citizen will have to pay a hefty fine for illegally organizing the exchange of cryptocurrencies online. Law enforcement authorities in the country, where certain crypto activities are legal, do not plan to impose other penalties besides the administrative measure. Cryptocurrency Trader...

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