Belarusian President Calls for Accelerated Crypto Adoption Amid Sanctions

Belarusian President Aleksandr Lukashenko emphasized the need for rapid adoption of cryptocurrency and cash payments in the financial sector to enhance economic resilience amid ongoing sanctions.

Lukashenko addressed banking leaders, asserting that cryptocurrency transactions are increasingly vital for payment facilitation.
He called for regulatory oversight of cryptocurrencies, directing the financial sector to implement it promptly.
Lukashenko criticized banks for customer mistreatment, warning of disciplinary action starting in 2026 for abuses.
He urged the introduction of an instant payment system by year-end to facilitate real-time bank transfers and improve liquidity.
Belarus’ gold and foreign exchange reserves stand at $12.5 billion, supported by rising gold prices.
Lukashenko previously pushed for a finalized regulatory framework to establish Belarus as a crypto-friendly hub.
The country is experiencing a de-dollarization trend, selling $30 million in foreign cash daily this year.