Belarusian president, Aleksandr Lukashenko, has asked the country’s financial sector to accelerate the adoption of cryptocurrencies and cash payments, calling them essential tools for economic resilience.
Lukashenko’s words occurred during a meeting with the leaders of the Central Banking and the Commercial Bank, since the country faces radical sanctions on their support for the invasion of Russia of Ukraine and alleged violations of human rights.
“Today, cryptocurrency -based transactions are more active than ever, and their role in facilitation of payments is growing,” Lukashenko said according to local media. For him, the market now requires regulatory supervision, with which he instructed the financial sector to advance.
He criticized banks for mistreating customers, including forcing insurance in borrowers or rejecting old dollar bills, and said such abuses would lead to disciplinary actions from 2026.
“Do not think only in terms of profits,” Lukashenko said, pointing out the increase in rates, the misuse of banking gains and questionable loan practices.
Lukashenko requested the launch of an instant payment system by the end of the year, to allow real -time bank transfers in an attempt to improve liquidity. To maintain trade flowing in the midst of sanctions, he pointed out possible changes based on cryptocurrencies.
Gold reserves and changing currencies of Belarus reached $ 12.5 billion according to the media, promoted by the growing price of gold.
Earlier this month, Lukashenko pressed regulators to finish a frame for cryptocurrencies while moving to consolidate the country as a friendly center with cryptographic. The growing hug of bellruse cryptography occurs in the middle of a strong defolarization trend that has seen it sell $ 30 million in foreign cash per day this year according to the report.
