Belarus Embraces Cryptocurrency as a Solution to Economic Strain from Sanctions

In response to Western sanctions crippling its economy, Belarus is turning towards cryptocurrencies for international payments and financial resilience. President Alexander Lukashenko has urged banks to utilize digital assets more extensively, predicting a surge in cryptocurrency-based external transactions from $1.7 billion to $3 billion by year’s end. This shift underscores the growing reliance on crypto for trade and payments amidst strained international relations.