The Belarusian government has proposed a ban on peer-to-peer (P2P) transactions on crypto assets such as Bitcoin in a bid to address the rising rate of cybercrime in the country. The Ministry of Foreign Affairs (MFA) of the Republic of Belarus detailed the new legislation’s goals and its subsequent on crypto exchange users.
Crypto transactions will only be possible via exchanges for transparency and control purposes.
According to an official statement issued on July 2nd, the MFA claimed that the local prosecutors have already cracked down on 27 citizens involved in illegal crypto exchange services, with a whopping $8.7 million in illicit gains.
The authorities cited the rampant use of P2P crypto services by fraudsters to cash out, convert stolen gains, and transfer money within criminal networks as the decision for their move.
“The Ministry of Internal Affairs is working on legislative innovations that prohibit transactions for the exchange of cryptocurrency between individuals. Fo
We współpracy z: https://cryptopotato.com/belarus-pursues-clampdown-on-p2p-crypto-transactions-report/
