Belarus has witnessed a significant surge in crypto payments, exceeding $1.7 billion within the first seven months of 2025, with projections suggesting it could reach $3 billion by year-end. This growth signifies a key turning point for Belarus’ cryptocurrency sector as President Alexander Lukashenko emphasizes regulatory oversight and institutional involvement. The impetus behind these initiatives stems from a strategic vision to enhance transparency and attract global investment. Key points**: *Belarus National Bank will play a crucial role in shaping regulations, including the development of a state-controlled crypto bank. * This move aligns with Belarus’ existing Hi-Tech Park initiative launched in 2017, aiming to solidify its position as a regional crypto hub.* The surge in transactions could impact major cryptocurrencies like Bitcoin and Ethereum significantly. Historical examples**: Similar trends seen in countries such as Nigeria and El Salvador highlight the potential for significant capital inflows when national governments actively engage with cryptocurrency markets. * Experts believe Belarus’ potential launch of a CBDC (Central Bank Digital Currency) by 2026 will further reshape the landscape of digital finance.* This transition towards a state-controlled crypto bank suggests a move towards more structured control and regulation, while also seeking to attract foreign investment and mitigate risks associated with volatile crypto markets.