The US Secretary of Commerce says that an agreement was made with Nvidia CEO and Trump regarding H200 chips. Lutnick mentioned that he expects further interest rate cuts and cryptocurrency markets are waiting for the US market opening. While all this was happening, Belarus announced a new decree regarding cryptocurrencies.
Restriction on Cryptocurrencies
Belarus, crypto- It has tightened its regulations on trading and banned individuals from trading cryptocurrencies through channels other than domestic exchanges and brokers. It is stated that the decree signed by President Alexander Lukashenko aims to prevent illegal activities.
This decree, which applies to individuals and startups residing in the High Technology Park (HTP), a special economic zone for information technology innovation, concerns most crypto investors.
Although foreign platforms are not banned directly Belarus It contains strict rules for peer-to-peer transactions.
What’s the reason?
The main reason why many countries block global platforms is that they want to limit the outflow of funds from the country. It cannot be said that this decision dealt a major blow to cryptocurrency investors, as transactions are mainly carried out on authorized platforms in the country, but the last step was important in terms of seeing where the harsh measures were going.
India says that especially in 2021, the stock exchanges in the country carry billions of dollars of foreign currency abroad. WazirX It started to put pressure on platforms such as. However, limiting global stock exchanges and seeing cryptocurrencies as the center of foreign transactions does not benefit investors. In particular, investors stuck in local stock exchanges are more exposed to abnormal price movements due to shallow liquidity, and this process generally results in losses.
of Russia Contrary to this step taken by Belarus, which is seen as a testing ground for economic and regulatory policies, the largest banks in Russia are working to provide cryptocurrency services. Moreover, the Central Bank of Russia said that its strict stance on crypto would be relaxed soon.
