Belarus' Ministry of Internal Affairs is planning on issuing legislation to ban peer-to-peer crypto transactions in its fight against fraud. camomileshumba reports
Citizens of the east European country will be allowed to conduct crypto transactions only through exchanges based in theThe ministry said it had identified 27 people who provide illegal crypto exchange services, which are used by fraudsters to get their hands on the proceeds of their activities.
"The introduction of a practice similar to the procedure for exchanging foreign currencies will make it impossible to withdraw money obtained through criminal means. In such conditions, it will simply be unprofitable for IT fraudsters to operate in Belarus," the statement read.
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