‚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.

The Ministry of Internal Affairs is working on legislative innovations that prohibit transactions for the exchange of cryptocurrency between individuals.

For transparency and control, citizens will be allowed to carry out such financial transactions only through the HTP exchanges.‘