Belarus Crypto Regulation: New Rules and Bitcoin P2P Ban
President Aleksandr Lukashenko ordered Belarus crypto regulation to be formalized, instructing lawmakers to draft clear rules for digital tokens, exchanges and mining. Under Presidential Decrees No. 80 and No. 367, the new framework aims to define agency roles, integrate Hi-Tech Park oversight, and establish licensing requirements. Belarus crypto regulation also restricts Bitcoin P2P trading, banning peer-to-peer transactions outside authorized domestic exchanges to ensure transparent token circulation and tax compliance. The government plans to issue secondary regulations detailing exchange registration criteria and enforcement measures. At the same time, Belarus will support cryptocurrency mining by leveraging excess electricity, with potential incentives such as dedicated tariffs and Hi-Tech Park benefits. This controlled approach to digital assets seeks to balance state oversight with industry growth. Traders should monitor the legislative draft process and forthcoming guidelines, as onshore exchanges may see increased activity, while P2P markets face tighter constraints.
Neutral
Belarus crypto regulation balances tightening control with industry growth. Restricting Bitcoin P2P trading may curb unauthorized exchanges and dampen decentralized market activity. At the same time, clear rules and mining incentives provide a supportive framework for licensed operations. Historically, regulatory clarity tends to stabilize markets by reducing uncertainty, while trade restrictions can suppress some segments. On balance, this news is unlikely to dramatically shift market sentiment, resulting in a neutral impact. Short-term, traders may see reduced P2P volumes; long-term, regulated exchanges could benefit from increased trading volume and transparency.