Belarus Registers First Crypto Bank Under New Regulatory Framework
JH Kim
Summary
- Belarus has registered its first virtual asset (cryptocurrency) bank and begun related business operations under a new regulatory framework.
- With the first virtual asset bank officially registered under the new regulatory framework, full-scale operations by regulated banks in the country are set to begin.
- The name of the registered bank and details of its services have not been disclosed.
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Belarus has registered the country's first virtual asset, or cryptocurrency, bank, marking the start of related business operations under a new regulatory framework.
Cointelegraph reported on September 28 that Belarus officially registered its first virtual asset bank under the new framework.
The registration is set to pave the way for full-scale operations by regulated virtual asset banks in the country.
The name of the registered bank and details of the services it will provide have not been disclosed.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.