US to End Crypto Debanking as Belarus Embraces Decentralization

The U.S. and Belarus are taking significant steps towards embracing cryptocurrencies, highlighting their evolving roles in national regulatory and economic strategies.

U.S. Regulatory Changes

  • The U.S. Office of the Comptroller of the Currency (OCC) plans to remove barriers preventing banks from serving compliant crypto firms.
  • This shift aims to integrate legal crypto activities into mainstream banking services, moving beyond risk concerns associated with crypto's volatility.
  • The effort aligns with broader political support for crypto under the Trump administration, including legislation on stablecoins.

Belarus' Crypto Adoption

  • Facing economic sanctions, Belarus is increasing its reliance on crypto and tokenization to boost financial resilience.
  • Payments via crypto exchanges have reached $1.7B in seven months, potentially reaching $3B for the year.
  • The strategy aims to reduce dependence on intermediaries and enhance transaction efficiency through smart contracts.

Market Movements and Trends

  • Solana has surged 10% this week, driven by new ETFs and increased interest in crypto treasuries.

These developments illustrate the growing integration of crypto into global financial systems, with both major economies and sanctioned states leveraging its potential.