Belarus President Alexander Lukashenko announced that crypto payments in the country exceeded $1.7 billion in the first seven months of 2025. This comes amid regulatory changes and increased institutional investments.
Belarus Crypto Payments: Figures and Forecasts
Belarusian crypto payments have reached a record $1.7 billion in the first seven months of 2025. It is expected that this figure may rise to $3 billion by the end of the year, indicating significant shifts in the country’s policy and regulatory framework.
State Regulation of Cryptocurrencies
President Alexander Lukashenko has initiated the development of new regulations involving the National Bank of Belarus. A key part of these initiatives is the establishment of a state-controlled cryptocurrency bank aimed at fostering the country as a regional crypto hub since the Hi-Tech Park's inception in 2017.
Impact on Financial System and Crypto Market
The surge in crypto payment volumes could significantly impact cryptocurrencies like Bitcoin and Ethereum, highlighting the growing role of digital currencies in financial ecosystems. This is also related to strategic steps to potentially bypass Western sanctions and market adaptations to attract institutional investors.
The achievements in crypto payments in Belarus highlight the country's drive towards financial modernization and the potential creation of a centralized regulatory system for the cryptocurrency market. The potential launch of a Belarusian CBDC by 2026 may further influence this sector.
