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Lukashenko Orders Banks to Expand Crypto Use, Fast-Track Payments Overhaul

He casts the pivot as a sanctions workaround that demands rapid oversight.

Overview

  • In a meeting with central and commercial bank chiefs, he directed wider use of digital tokens for cross-border and domestic transactions.
  • He instructed the government and the National Bank to establish clear rules and step up supervision of cryptocurrency activity.
  • He set a year-end deadline for launching an instant real-time payment system to improve liquidity.
  • He criticized banks for abusive practices and warned that disciplinary measures will begin in 2026.
  • He said domestic exchanges could double external crypto payments this year and underscored existing limits on trading outside Belarusian platforms.