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    Home » The largest state bank of Belarus is developing its cryptocurrency exchange

    The largest state bank of Belarus is developing its cryptocurrency exchange

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    By BlockchainJournal on January 29, 2019 News
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    The largest bank of Belarus – Belarusbank OJSC is considering the possibility of launching an exchange platform for trading cryptocurrencies . The chairman of the bank, which is 99.99% state-owned, reported this on the TV channel “Belarus 1”.

    According to Viktor Ananich, digitalization is one of the most important tasks for the bank in the coming year.

    “At the moment, the possibility of organizing an exchange platform for trading cryptocurrencies is being studied. Now we are dealing with this issue , ”he said.

    He also said that in the near future, together with mobile operators, it is planned to issue virtual bank cards. The head of Belarusbank noted that the digitalization of the banking sector has always been dynamic, but now the rate of change has increased significantly and the bank needs to keep up with them.

    Recall that in December 2017, President of Belarus Alexander Lukashenko signed Decree No. 8 “On the Development of the Digital Economy”, which provides, among other things, the most favorable conditions for the development of blockchain technology, including mining and cryptocurrency turnover.

    In March 2018, the country's Ministry of Finance adopted a cryptocurrency accounting standard. In November, the High Technology Park (HTP) of Belarus approved the rules of the cryptobusiness in the country. In January of this year, the first regulated cryptobirth was launched in the HTP.

    Publication date 01/29/2019
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