Belarus to Create a Crypto Wallet Registry To Prevent Illicit Activities

As the political situation in Belarus evolves, the country’s government has sought to take full advantage of cryptocurrencies. This could be good or bad depending on viewpoints, but a recent decree by President Alexander Lukashenko could again reiginite debates about the role of the state in the promotion and control of cryptocurrency operations.

On February 14, President of Belarus Alexander Lukashenko signed Decree No. 48, “On the register of addresses (identifiers) of virtual wallets and features related to cryptocurrency turnover.” The document orders the creation of a registry to store information on the various cryptocurrency wallets that are being used or could be potentially used for illegal activities in the country.

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