Belarus Has Seized Millions in Crypto, Chief Investigator Claims – Bitcoin News

The head of the Belarusian Investigative Committee revealed in a recent interview that the Belarusian authorities have mastered the seizure of cryptocurrencies. The top law enforcement official claimed that the state has seized millions of dollars worth of crypto assets.

Company Allegedly Helping Belarusian Government Handle Crypto Seizures

Dmitry Gora, the head of the Belarusian Investigative Committee, told the state agency that Belarus had to face the challenge of how to catch cryptocurrencies when they were first used in the drug trade and later in economic crimes. ONT channel. He added that law enforcement agencies must find ways to seize these digital assets, and that hundreds of millions of Belarusian rubles (millions of dollars) worth of cryptocurrencies have been seized.

Belarus Has Seized Millions of Dollars in Crypto, Chief Investigator Says
Dmitry Gora. resource: ONT

The former Soviet republic, a close ally of Russia, legalized various cryptocurrency activities through a presidential decree that went into effect in May 2018. The document introduces tax breaks and other incentives for cryptocurrency businesses operating as high-tech park residents (HTP) in Minsk working to develop the country’s digital economy.

In March 2021, President Alexander Lukashenko used China as an example to suggest that the country may tighten cryptocurrency regulation.However, HTP officials later persist in Belarusian authorities have no intention of imposing stricter regulations on the industry.More importantly, the Ministry of Finance proposed allow An investment fund for purchasing digital assets.

In April this year, the Department of Justice use Legal proceedings for the seizure of cryptocurrencies are permitted as part of a law enforcement process. It implements another decree of Lukashenko from February, order Create a special register for crypto wallets used for illegal purposes.

Dmitry Gora went on to cite his “senior subordinates,” calling cryptocurrencies just “digital garbage.” “Based on this, I set the mission: Our state needs money to compensate for the damage done. Let’s think about how to make money from the trash. I won’t go into details, but we’ve learned how to do it… There are mechanisms to Let’s deal with these issues and be very successful,” he elaborated.

Law enforcement officials noted that both government agencies and commercial organizations were involved in the process. Therefore, “the amount already in good, normal currency is on the Commission’s account,” Gora said.

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Alexander Lukashenko, Belarus, Belarusian, confiscated, cryptocurrency, Crypto assets, cryptocurrency, cryptocurrency, decree, decree, http, Commission of Inquiry, researcher, law enforcement, Lukashenko, president, Regulation, regulations, attack

Do you want Belarus to change its policy on cryptocurrencies? Let us know in the comments section below.

Lubomir Tasev

Lubomir Tassev, a journalist from tech-savvy Eastern Europe, likes Hitchens’ famous quote: “Being a writer is who I am, not what I do.” Beyond crypto, blockchain and fintech, international politics and The economy is two other sources of inspiration.

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