Belarus Embraces Cryptocurrency Amidst Sanctions, Aims for a Crypto-Based Financial System

With sanctions limiting traditional trade channels, Belarus is turning towards cryptocurrency. Crypto funds in the nation reached $1.7 billion in the first seven months of 2025, with projections predicting a rise to $3 billion by year’s end. President Lukashenko directed banks to embrace digital tokens, citing their potential role in easing economic strain from sanctions. He urged for increased use and emphasized support for businesses navigating international trade under current restrictions.