Lukashenko Says Belarus May Expand Use of Cryptocurrencies to Sustain External Payments Amid Sanctions Pressure

The post Lukashenko Says Belarus May Expand Use of Cryptocurrencies to Sustain External Payments Amid Sanctions Pressure appeared on BitcoinEthereumNews.com.

Belarus digital assets are being promoted by President Alexander Lukashenko, who ordered commercial banks to expand the use of cryptocurrency and tokenization for external payments to mitigate Western sanctions. Officials reported $1.7 billion in exchange-based external payments so far, with potential year-end volumes near $3 billion. Belarus orders banks to expand crypto payments to sustain external trade. Officials reported $1.7 billion in exchange-based external payments in the first seven months; projections suggest up to $3 billion by December. Tokenization and smart contracts are highlighted to reduce intermediaries, automate transactions, and increase user control over assets. Belarus digital assets: Lukashenko orders banks to expand crypto payments to bypass Western sanctions and sustain external trade; official volumes cited. What is Belarus doing to expand digital assets in payments? Belarus digital assets policy now directs commercial banks to broaden the use of cryptocurrency and tokenization for external payments. The directive aims to preserve cross-border flows amid Western sanctions while promoting smart-contract automation and reduced intermediary reliance in the banking sector. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); How significant are the current cryptocurrency payment volumes in Belarus? Officials cited $1.7 billion in exchange-based external payments in the first seven months of the year, with a government estimate that volumes could reach approximately $3 billion by December. These figures indicate rapid growth in activity and underscore the policy rationale for scaling bank-led…