Belarus Expands Cryptocurrency Adoption with New Underlying Asset Approval

Belarus has taken a significant step towards integrating cryptocurrencies into its traditional financial system by adding them to its list of approved underlying assets.

The decision, announced through a joint resolution issued by the Council of Ministers and the National Bank of the Republic of Belarus (NBRB), allows for the use of cryptocurrencies as underlying assets in non-deliverable over-the-counter (OTC) financial instruments.

The updated list now includes futures contracts and options, interest rates on the international capital market, stock index values, digital tokens, including cryptocurrencies. This move is expected to create new investment opportunities for investors in Belarus and further their integration into the country's traditional financial system.