“This will make it impossible to withdraw money obtained by criminal means”
The Ministry of Internal Affairs of Belarus is preparing changes in legislation that will prohibit the exchange of cryptocurrency between individuals.
Such services are in demand among fraudsters who thus cash out and convert stolen funds, transfer money to organizers or participants in criminal schemes. To exclude such facts, the Ministry of Internal Affairs is working on legislative innovations that prohibit transactions for the exchange of cryptocurrency between individuals. For transparency and control, citizens will be allowed to carry out such financial transactions only through the exchanges of the Park of High Technologies.
Cryptocurrency exchange between individuals – prohibited.
This year, employees of the cybercrime counteraction units of Belarus stopped the activities of 27 persons who provided illegal services for the exchange of cryptocurrencies. Their total illegal income amounted to almost 641 million Russian rubles in terms of the current exchange rate.
The introduction of a practice similar to the procedure for exchanging foreign currencies will make it impossible to withdraw money obtained by criminal means. Under such conditions, it will simply become unprofitable for information technology fraudsters to operate in Belarus.
