Belarus has confiscated cryptocurrency worth millions of dollars, law enforcement executive says.
Authorities in Belarus have mastered the seizure of cryptocurrencies, the head of the country’s Investigative Committee revealed in a recent interview. The high-ranking law enforcement official claims the state has already confiscated crypto assets worth millions of dollars.
channel. He added that law enforcement agencies had to find a way to confiscate such digital assets and have already seized crypto worth hundreds of millions of Belarusian rubles .The former Soviet republic, a close ally of Russia, legalized various crypto activities with a presidential decree which went into force in May 2018.
In March 2021, President Alexander Lukashenko hinted at a possible tightening of the country’s crypto regulations, referring to China’s example. However, HTP officials later